• Citigroup Wins: Second Circuit Adopts Moench Presumption
  • May 9, 2012 | Author: Samuel F. Paniccia
  • Law Firm: D'Amato & Lynch, LLP - New York Office
  • Following precedent set by several sister circuits, on October 19, 2011, the U.S. Court of Appeals for the Second Circuit in In Re: Citigroup ERISA Litigation ("Citigroup") ruled in favor of adopting the Moench presumption and affirmed the dismissal of the action.