by: Jennifer Eller
Date: 6/30/2006
This week, courts issued rulings in two separate employer securities cases. The first decision, issued on June 26, involved the stock of US Airways held in a US Airways 401(k) plan. The second, issued on June 28, involved the stock of United Airlines held in an Employee Stock Ownership Plan ("ESOP") sponsored by United. Although favorable to the defendants, the decisions don't necessarily settle the debate over plan holdings of employer securities, and they may raise as many questions as they answer.
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