More on the WorldCom ERISA Litigation

For those of you following the In re: WorldCom, Inc. ERISA Litigation, you may recall an entry in January of this year entitled “Directors and the Duty to Monitor Under ERISA” where I discussed the DOL’s Amicus Brief filed in the case and the issue being debated regarding the scope of the appointing fiduciary’s duty to monitor appointed fiduciaries under ERISA. If you would like to read the Memorandum of Law, prepared and filed by Simpson Thacher & Bartlett LLP in response to the Brief of the Secretary of Labor as Amicus Curiae in Opposition to the Individual Defendants’ Motion to Dismiss, you can access it here.