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Allen v. Wells Fargo & Co.

Petition for certiorari denied on May 3, 2021
Docket No. Op. Below Argument Opinion Vote Author Term
20-866 8th Cir. N/A N/A N/A N/A OT 2020

Issues: (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.

SCOTUSblog Coverage

DateProceedings and Orders (key to color coding)
Dec 23 2020Petition for a writ of certiorari filed. (Response due January 29, 2021)
Jan 07 2021Motion to extend the time to file a response from January 29, 2021 to March 1, 2021, submitted to The Clerk.
Jan 08 2021Motion to extend the time to file a response is granted and the time is extended to and including March 1, 2021.
Mar 01 2021Brief of respondents Wells Fargo & Company, et al. in opposition filed.
Mar 15 2021Reply of petitioners Francesca Allen, et al. filed. (Distributed)
Mar 16 2021DISTRIBUTED for Conference of 4/1/2021.
Apr 12 2021DISTRIBUTED for Conference of 4/16/2021.
Apr 19 2021DISTRIBUTED for Conference of 4/23/2021.
Apr 26 2021DISTRIBUTED for Conference of 4/30/2021.
May 03 2021Petition DENIED.