Fifth Third Bancorp v. Dudenhoeffer
| Fifth Third Bancorp v. Dudenhoeffer | |
|---|---|
| Argued 2 April, 2014 Decided 25 June, 2014 | |
| Full case name | Fifth Third Bancorp v. Dudenhoeffer |
| Docket no. | 12-751 |
| Citations | 573 U.S. 409 (more) 134 S. Ct. 2459; 189 L. Ed. 2d 457 |
| Holding | |
| There is no statutory basis for a 'presumption of prudence' test under ERISA. ESOP fiduciaries share the same duty of care as non-ESOP fiduciaries. | |
| Court membership | |
| |
| Case opinion | |
| Majority | Breyer, joined by unanimous |
| Laws applied | |
| Employee Retirement Income Security Act of 1974 | |
Fifth Third Bancorp v. Dudenhoeffer, 573 U.S. 409 (2014), was a United States Supreme Court case in which the court found Employee stockownership (ESOP) fiduciaries have the same prudential duties as non-ESOP fiduciaries, as set by ERISA, except that they are not required to diversify their investments beyond shares of the employer's stock.