Plan Participants Seek Reinstatement Of Suit Over CVS Fund Investments

Mealey's (October 24, 2017, 9:18 PM EDT) -- BOSTON — CVS Health Corp., its employee benefits plan committee and the manager of one of the plan’s investment options, in an Oct. 4 response brief filed in the First Circuit U.S. Court of Appeals, opposed claims that they managed the investment of employees’ retirement funds in a manner that violated the Employee Retirement Security Act and completely failed to meet the basic guidelines and objectives for the investment of stable value fund assets that they “were effectively managing a money market fund” (Mary Barchock, et al. v. CVS Health Corporation, et al., No. 17-1515, 1st Cir.)....