Rhode Island Magistrate Again Recommends Dismissal Of Investment Option Lawsuit

(February 7, 2017, 10:18 AM EST) -- PROVIDENCE, R.I. — A Rhode Island magistrate judge in a Jan. 31 report recommended dismissal of an amended complaint arising under the Employee Retirement Income Security Act alleging that CVS Health Corp., its employee benefits plan committee and the manager of one of the plan’s investment options breached their fiduciary duties, saying that new material in the complaint is insufficient to permit an inference of imprudence (Mary Barchock, et al. v. CVS Health Corp., et al., No. 1:16-cv-00061, D. R.I.)....