Saumer v. Cliffs Natural Resources Inc.’s Empirical Analysis
853 F.3d 855 · 2017
Citation profile
3 federal appellate · 1 district ·
Relationships
Applies 26 U.S.C. § 404 · 29 U.S.C. § 1104 (§ 404 of the Employee Retirement Income Security Act of 1974) · 29 U.S.C. § 1107 (§ 407 of the Employee Retirement Income Security Act of 1974)
Relies on Ashcroft v. Iqbal · Moench v. Robertson · Kuper v. Iovenko · 136 S. Ct. 758 - Amgen Inc. v. Harris · 134 S. Ct. 2398 - Halliburton Co. v. Erica P. John Fund, Inc.
Most-quoted passages
The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 16 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.
“[A]lthough a fiduciary generally must investigate an investment's merits, a fiduciary's failure to investigate an investment decision alone is not sufficient to show that the decision was not reasonable.”
3 later decisions quote this exact passage · from the dissente.g. Kopp v. Klein · Yates v. Nichols“[A] plaintiff must show a causal link between the failure to investigate and the harm suffered by the plan.”
2 later decisions quote this exact passage · from the dissent“The Ninth Circuit's proposition that removing the Amgen Common Stock Fund from the list of investment options was an alternative action that could plausibly have satisfied Fifth Third 's standards may be true. If so, the facts and allegations supporting that proposition should appear in the stockholders' complaint. Having examined the complaint, the Court has not found sufficient facts and allegations to state a claim for breach of the duty of prudence.”
1 later decision quote this exact passage · from the dissent
How this case has been treated — in progress
Whether each later court followed, distinguished, criticized, or overruled this decision. The treatment classification (task #35) runs highest-cited cases first and lights up here as it reaches this one.