Cases & Deals

The Southern Company wins summary judgment in $1 billion ERISA stock drop class action

Clients Southern Company, The

Summary judgment was granted to Jones Day client The Southern Company in a lawsuit that was completely dismissed because the plaintiff failed to exhaust the 401(k) plan's claim review procedure before filing suit.

Mark T. Spivey v. Southern Company, et al., No. 1:04-CV-1912-RWS (N.D. Ga.); No. 06-12642-CC (11th Cir.)