Supremes Benchslap President

By John Alan Doran This morning the U.S. Supreme Court handed down a decision that has widespread impact on the Obama Administration’s labor agenda, as well as the NLRB’s recent attempts to grossly expand its authority.  NLRB v. Noel Canning, No. 12-1281 (U.S. June 26, 2014)  The Court held that the President’s “recess appointments” to the NLRB […]

News Flash: ESOP Fiduciaries May Obey the Law

By Bill Wright The U.S. Supreme Court ruled in Fifth Third Bancorp et al. v. Dudenhoeffer, No. 12-751 (U.S. June 25, 2014), that no special presumption of prudence applies to the decision by ESOP fiduciaries to buy and hold stock of the sponsoring employer.  But what the Supreme Court shot down with one hand, they reinstated […]