noting that "the Fund has been deprived of economic opportunities by having virtually all of its assets tied up in this inferior investment" and that "[o]ne type of loss" under section 1109 is that "the Fund today holds an investment whose value is significantly less than the value prudent investments would bear"
Summary of this case from Meyer v. Berkshire Life Ins. Co.No. 83-1706.
April 11, 1984.
E.D.Va., 567 F.Supp. 225.
AFFIRMED.
noting that "the Fund has been deprived of economic opportunities by having virtually all of its assets tied up in this inferior investment" and that "[o]ne type of loss" under section 1109 is that "the Fund today holds an investment whose value is significantly less than the value prudent investments would bear"
Summary of this case from Meyer v. Berkshire Life Ins. Co.Full title:Davidson for and on Behalf of Local 666 Ben. Trust Fund v. Cook
Court:United States Court of Appeals, Fourth Circuit
Date published: Apr 11, 1984
In doing so, it is important to consider the fiduciary's entire course of conduct, not just each individual…
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