Gibson Dunn, Morgan Lewis Win Dismissal of CSC ERISA Stock Drop Case

With all that's happened in the financial world lately, stock option backdating allegations may seem like a distant memory. But they're still driving litigation. Earlier this week, an ERISA suit against Computer Sciences Corporation was dismissed on summary judgment. The plaintiffs had alleged that the company and its retirement plan committee had breached their fiduciary duties to participants of its 401(k) plan by continuing to invest retirement plan assets in the company's stock, in the face of stock option backdating allegations.

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