October 27, 2010 - 12:15am
Second Circuit Holds ERISA Fiduciary Duties Do Not Apply to Employer Under a Non-ERISA Stock and Incentive Plan Posted by:

A recent case from the Second Circuit provides useful guidance regarding the scope of ERISA fiduciary duties. In Bell v. Pfizer, Inc., 2010 U. S. App. LEXIS 18111 (2d Cir. Aug. 30, 2010), the court resolved a dispute between a former employee and the Pfizer, Inc. Stock and Incentive Plan (“Pfizer Plan”) concerning the employee’s eligibility to exercise certain stock options after leaving employment with Pfizer.