Judge: Record Development Needed In ERISA Case Over In-House Mutual Funds
(April 21, 2016, 10:00 AM EDT) -- BOSTON — The defendants in two different lawsuits brought under the Employee Retirement Income Security Act saw their respective motions to dismiss denied by a Massachusetts federal judge in an April 7 combined ruling, with the judge concluding that further record development is necessary in both cases (John Brotherston, et al. v. Putnam Investments LLC, et al., No. 1:15-cv-13825; John Ellis, et al. v. Fidelity Management Trust Co., No 1:15-14128 D. Mass.; 2016 U.S. Dist. LEXIS 50849).