THE LAW AND ECONOMICS OF FIDUCIARY DUTY: WOMACK V. ORCHIDS PAPER PRODUCTS CO. 401(k) SAVINGS PLAN.

The article discusses a court case of Womack v. Orchids Paper Products Co. 401(k) Savings Plan as decided by the U.S. District Court of the Northern District of Oklahoma based on the Employee Retirement Income Security Act of 1974. The breach of fiduciary duty, regulation of financial markets and investor protection are discussed. The importance of trust relationships, issues related to suspicion in public and social capital are also discussed.