Fund’s Trustee, Investment Adviser Settle Breach Of Fiduciary Duty Claims

Mealey's (November 7, 2017, 8:42 AM EST) -- PORTLAND, Ore. — An Oregon federal judge on Oct. 31 granted a motion to dismiss with prejudice the remaining Employee Retirement Income Security Act claims against a fund’s trustee and investment adviser for breach of fiduciary duty and engaging in prohibited transactions after the parties reached an undisclosed settlement (Kerry D. Austin v. Union Bank & Trust Co., et al., No. 14-706, D. Ore.)....

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