Summary
rejecting the standard advocated by the Department of Labor
Summary of this case from Bussian v. RJR Nabisco Inc.Opinion
No. 95-2414.
April 30, 1996.
E.D.N.C., 890 F.Supp.444.
DECISIONS WITHOUT PUBLISHED OPINIONS
AFFIRMED
rejecting the standard advocated by the Department of Labor
Summary of this case from Bussian v. RJR Nabisco Inc.No. 95-2414.
April 30, 1996.
E.D.N.C., 890 F.Supp.444.
AFFIRMED
rejecting the standard advocated by the Department of Labor
Summary of this case from Bussian v. RJR Nabisco Inc.recognizing Kokkonen's principle
Summary of this case from Bragg v. Robertsonrefusing to adopt such a strict standard — and noting that no other federal court had adopted it — in affirming summary judgment for fiduciary who had purchased a group annuity contract from Executive Life
Summary of this case from Bussian v. RJR Nabisco, Inc.Full title:Riley v. Murdock
Court:United States Court of Appeals, Fourth Circuit
Date published: Apr 30, 1996
Prudence requires a fiduciary diligently to investigate the transaction with appropriate methods and to make…
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