FIFTH CIR. REVERSES ND TX RULING THAT IO STRIPS INVESTMENTS VIOLATE ERISA LNPF v. Northern Trust | Secondary Sources | Westlaw

FIFTH CIR. REVERSES ND TX RULING THAT IO STRIPS INVESTMENTS VIOLATE ERISA LNPF v. Northern Trust | Secondary Sources | Westlaw

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FIFTH CIR. REVERSES ND TX RULING THAT IO STRIPS INVESTMENTS VIOLATE ERISA LNPF v. Northern Trust

4 No. 20 ANBLLLR 6Andrews' Bank & Lender Liability Litigation Reporter (Approx. 3 pages)

FIFTH CIR. REVERSES ND TX RULING THAT IO STRIPS INVESTMENTS VIOLATE ERISA LNPF v. Northern Trust

4 No. 20 ANBLLLR 6Andrews' Bank & Lender Liability Litigation Reporter (Approx. 3 pages)

4 No. 20 Andrews' Bank & Lender Liab. Litig. Rep. 6
Andrews' Bank & Lender Liability Litigation Reporter
June 16, 1999
Fiduciary Duty
Copyright (c) 1999 Andrews Publications

FIFTH CIR. REVERSES ND TX RULING THAT IO STRIPS INVESTMENTS VIOLATE ERISA

LNPF v. Northern Trust

In a ruling with implications for pension funds, the Fifth Circuit U.S. Court of Appeals has found that holdings in derivative mortgage-backed securities known as interest-only (IO) strips do not violate the “prudent man” investment provisions of the...
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