Class Suit Over Ford Plan Fees Dismissed; Limited Leave To Replead Granted

Mealey's (October 24, 2017, 10:02 AM EDT) -- DETROIT — A Michigan federal judge on Oct. 19 dismissed a class complaint accusing Xerox HR Solutions LLC of allowing excessive fees to be charged on the accounts of participants in three Ford Motor Co. retirement plans in violation of its fiduciary duty under the Employee Retirement Security Act, finding that the plaintiffs failed to carry their burden under Ashcroft v. Iqbal, 556 U.S. 662, 678 (2009) and Bell Atl. Corp. v. Twombly, 550 U.S. 544, 570 (2007) (Patrick Chendes, et al. v. Xerox HR Solutions, LLC, No. 16-13980, E.D. Mich., 2017 U.S. Dist. LEXIS 172997)....