Intel Plan Fiduciaries Win Summary Judgment in Alternative Investment Suit

April 2017

Finding that the plaintiff had actual knowledge of the facts giving rise to his ERISA claims for alleged breach of fiduciary duty and non-disclosure more than three years before he filed suit, a federal district court granted summary judgment on statute of limitations grounds in favor of Intel Plan Fiduciaries, including members of the Investment Policy and Administrative Committees of the Intel retirement plans. Williams & Connolly represented the defendants in the putative class action suit, which challenged allocations of plan assets to alternative investments such as hedge funds and private equity. 

The team representing Intel included John Buckley, Daniel Katz, Vidya Mirmira, Patrick Kim, David Kurtzer-Ellenbogen, Juli Ann Lund, Ava Baker, Tanya Abrams, and Catherine Wagner.

To view an article published on the decision, click here. Entire contents copyright by Crain Communications Inc. All rights reserved.

back to top