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Stock impact report

Ex-CEO can sue NetApp over ERISA plan summaries – 9th Circuit [Reuters]

NetApp, Inc. (NTAP) 
Last netapp, inc. earnings: 2/12 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.netapp.com
Company Research Source: Reuters
The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. (Reuters) - A former CEO can sue NetApp Inc and its Executive Medical Retirement Plan over PowerPoint plan summaries that allegedly promised him a lifetime of free medical benefits, a federal appeals court held Monday. The 9th U.S. Circuit Court of Appeals revived part of the lawsuit that Daniel Warmenhoven, who retired in 2015, filed in federal court in San Jose against Silicon Valley-based NetApp after it canceled the retiree health plan in 2017. The panel expressed no opinion “on the ultimate question of whether Warmenhoven will succeed” on his claim for equitable relief for breach of fiduciary duties under ERISA, but it agreed with his lawyers at Kastner Kim that the lower court had ignored or misread contro Show less Read more
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