User Account

All Pages

Pension plan

Assignment Help Other Subject
Reference no: EM13165911

The administrators of Kent Company's pension plan decided to use the pension plan assets to purchase the company's stock to help defend the company against a hostile takeover by PWS Co.; the administrators were major shareholders of Kent Co. The takeover attempt was eventually defeated, and Kent Co. was then taken over by a "white knight", West Co. The takeover by West generated a substantial profit to the pension plan fund and to the administrators through the sale of their shares of stock in Kent to West. After the takeover was completed, the Secretary of Labor brought a suit against the administrators for breach of their fiduciary duties under ERISA; the administrators argue that the fund suffered no loss, and actually made a substantial gain. Have the administrators breached their fiduciary duties under ERISA?

Reference no: EM13165911

Questions Cloud

Program to compute each semester tuition for each student : write a program to compute each semester the tuition for each student. Studient is taking 12 credit or less, tuition is 675 oer credit if student is taking more than 12 credits the total tuition is 6300.
What role do hormones play in breast cancer treatment : What Role Do Hormones Play in Breast Cancer Treatment and what percentages of breast cancers have hormone receptors?
Determining the investment level : There are five strategies for determining the investment level: 1. Let others do it, 2. Invest the minimum, 3. Invest with the rest, 4. Invest until it hurts, 5. Invest as long as there's a payoffs.
Berlin wall of separation : It seems that the "Berlin Wall" of separation between the US and Cuba is only now coming down, with talk of the great embargo that the U.S. has levied against it being removed.
Pension plan : The administrators of Kent Company's pension plan decided to use the pension plan assets to purchase the company's stock to help defend the company against a hostile takeover by PWS Co.; the administrators were major shareholders of Kent Co.
Abstract expressionist : Who is best categorized as an “abstract expressionist” painter of the New  York school?
Ralph ellison’s invisible man : Which statement best describes Ralph Ellison’s Invisible Man?
Advertising manager of a large firm : The advertising manager of a large firm asked you – the vice president of marketing – to approve a $500,000 increase in the advertising budget for one of the company’s brands. She predicts that the additional $500,000 in advertising will increase the..
Prominence in the age of rock-and-roll : What American musical form rose to prominence in the age of rock-and-roll  and made its African-American practitioners international pop stars?

Reviews

Write a Review

Other Subject Questions & Answers

  Promoting meaningful interventions

Analyze how a clinician may use this test as a tool for promoting meaningful interventions in treatment.

  Determine the purpose of parol evidence rule

What problems in connection with offer and acceptance might arise in online auction situation? Are there any rules which could address these?

  For developing a new product

You are responsible for developing a new product (or service)-the target market and the product area are entirely at your discretion. However, experience from previous years strongly suggests that you are the product development team at a well-known ..

  Kohlbergs highest level of morality

What would the world be like if everyone operated at the Kohlberg's maximum level of morality?

  Difference between learning-memory-performance

Acquisition, retention and transfer are processes used in learning new information, retrieving previously stored knowledge

  Explain taxation of internet sales

Select the technical or scientific topic (for instance, taxation of internet sales, irradiation of food supply, or cosmetic use of Botox). Determine five sources, print electronic, on the topic.

  Would the f-ratio from this analysis have

A researcher uses an analysis of variance to test for mean differences among three treatment conditions using a sample of n = 8 participants in each treatment.

  Problem reolving-stop and revisit later

Based on what you have learned this week about impasses, do you think that this is good advice?

  Explaining the option contracts and firm offers under ucc

Could that person sue you if you sold the property to someone else who offered me more money before the year was up?

  Federal diversity jurisdiction

I know that a case can only be heard in the jurisdiction that the crime is committed but what does the federal diversity consist of in defining "federal diversity jurisdiction".

  Conditions for allocating lease to another party

Several months into the term, a competitor unexpectedly releases a new game title featuring play that would make your game appear to be a poorly crafted imitation.

  How human service organization explain opportunity

How to lay out response to request to format detailing how the human service organization will explain statement of opportunity, influence of organizational structure.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd