Allen v. Wells Fargo & Co.
Petition for certiorari denied on May 3, 2021
Issue: (1) Whether, under Fifth Third Bancorp v Dudenhoeffer, fiduciaries of an employee stock ownership fund are effectively immune from duty-of-prudence liability for the failure to publicly disclose inside information; and (2) whether Dudenhoeffer"s framework extends beyond prudence-based claims and applies to duty-of-loyalty claims against ESOP fiduciaries.
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| Date | Proceedings and Orders |
|---|---|
| 12/23/2020 | Petition for a writ of certiorari filed. (Response due January 29, 2021) |
| 01/07/2021 | Motion to extend the time to file a response from January 29, 2021 to March 1, 2021, submitted to The Clerk. |
| 01/08/2021 | Motion to extend the time to file a response is granted and the time is extended to and including March 1, 2021. |
| 03/01/2021 | Brief of respondents Wells Fargo & Company, et al. in opposition filed. |
| 03/15/2021 | Reply of petitioners Francesca Allen, et al. filed. (Distributed) |
| 03/16/2021 | DISTRIBUTED for Conference of 4/1/2021. |
| 04/12/2021 | DISTRIBUTED for Conference of 4/16/2021. |
| 04/19/2021 | DISTRIBUTED for Conference of 4/23/2021. |
| 04/26/2021 | DISTRIBUTED for Conference of 4/30/2021. |
| 05/03/2021 | Petition DENIED. |