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New York Federal Judge Dismisses 5 Defendants From ERISA Class Action

Mealey's (August 25, 2016, 1:48 PM EDT) -- NEW YORK — A New York federal judge on Aug. 23 granted five defendants’ motion to dismiss claims against them in a second amended class action complaint against 12 banks and their affiliates under the Employee Retirement Income Security Act because the plaintiffs failed to adequately plead that the defendants were ERISA fiduciaries or “parties in interest” (Doris Sue Allen, et al. v. Bank of America Corp., et al., No. 1:15cv4285, S.D. N.Y.; 2016 U.S. Dist. LEXIS 112407).

(Opinion available. Document #54-160914-032Z.)

U.S. Judge Lorna G....
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