1st Circuit Panel Affirms Dismissal Of Fidelity Float Class Action Litigation

Mealey's (July 14, 2016, 2:25 PM EDT) -- BOSTON — A First Circuit U.S. Court of Appeals panel on July 13 affirmed dismissal of a putative class action filed by retirement plan participants and a plan administrator alleging breach of fiduciary duties under the Employee Retirement Income Security Act (In Re: Fidelity ERISA Float Litigation; Timothy M. Kelley, et al. v. Fidelity Management Trust Co., et al., No. 15-1445, 1st Cir.; 2016 U.S. App. LEXIS 12874). (Opinion available. Document #54-160810-009Z.) The panel affirmed U.S. Judge Denise Jefferson Casper of the District of Massachusetts’ ruling...
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