Kutak Rock attorney John Schembari is quoted in an article published in the February 4, 2016 edition of Westlaw Journal Securities Litigation & Regulation.
The article concerns the U.S. Supreme Court decision in Amgen Inc. et al. v. Harris et al. in which the Court ruled Amgen Inc. employees did not adequately allege the biopharmaceutical developer violated its fiduciary duties by offering its stock to employees when it knew the company was in trouble.
Schembari says the ruling further supports the idea that fiduciaries of employee stock plans should not be treated differently from other ERISA fiduciaries. To read the entire article, go to Westlaw Journal Securities Litigation & Regulation, Volume 21, Issue 20, February 4, 2016.
Schembari's work at Kutak Rock includes employee benefits, executive compensation, tax, corporate and privacy law.