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Maryland Federal Judge Finds Plan Trustee Jointly Liable For Alleged Breaches

Mealey's (October 25, 2016, 12:57 PM EDT) -- BALTIMORE — A Maryland federal judge on Oct. 20 denied a motion to dismiss five counts in a 10-count complaint brought by U.S. Secretary of Labor Thomas E. Perez against Chimes District of Columbia Inc. alleging that an employee benefit plan sponsored by Chimes paid millions of dollars in excessive fees, finding that a plan trustee has joint and several liability for the alleged breaches of her co-fiduciaries (Thomas E. Perez v. Chimes District of Columbia Inc., et al., No. 15-3315, D. Md.; 2016 U.S. Dist....
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