Matthew O'Hara and Peter Pederson Quoted in Society for Human Resource Management Article on Stock Drop Claims

October 20, 2011

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.

Hinshaw & Culbertson LLP is a national law firm with approximately 500 attorneys providing coordinated legal services across the United States and in London. Hinshaw lawyers partner with businesses, governmental entities and individuals to help them effectively address legal challenges and seize opportunities. Founded in 1934, the firm represents clients in complex litigation and in regulatory and transactional matters.

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