Matthew O'Hara and Peter Pederson Quoted in Society for Human Resource Management Article on Stock Drop Claims
Chicago — Matthew J. O'Hara and Peter E. Pederson, Hinshaw & Culbertson LLP partners, were quoted in a October 20, 2011 Society for Human Resource Management article titled "Stock Drop Claim Seeking More Than One-Third of a Billion Dismissed."
The article discusses companies' reconsideration of including their own company stock in their retirement funds and the rise of stock drop cases brought against companies who include their own stock as an investment option in company retirement funds. In the article, different opinions and defenses are explored about stock drop cases.
Mr. O'Hara discusses his own experiences defending stock drop cases and notes advantages to including company stock in retirement funds. He also talks about how a company must weigh the benefits of offering company stock and the potential costs of stock drop litigation. Mr. Pederson adds that "This is an area where the law is unsettled." He also discusses how the economic environment can affect these types of cases.
Read the full article "Stock Drop Claim Seeking More Than One-Third of a Billion Dismissed" on the SHRM website.