An employee of R.J. Reynolds Tobacco Company, a wholly-owned subsidiary of RJR Nabisco Holdings Corp., brought suit against the fiduciaries of the company’s 401(k) retirement plan. He asserted that they had acted imprudently when they liquidated two of the plan’s investment funds at a loss. The defendants argued that the employee had failed to state

The plaintiffs in this case were employed in a division of SKF USA, Inc., when SKF sold the division to Tyson Bearing Company. The plaintiffs became employees of Tyson immediately after the sale at the same facility and did not suffer any period of unemployment or interruption of wages. Under the terms of the sale,