Plan Participants Ask 1st Circuit To Find Plan’s Trustee Breached Fiduciary Duty

Mealey's (November 13, 2017, 2:55 PM EST) -- BOSTON — Class action plaintiffs recently asked the First Circuit U.S. Court of Appeals to reverse a lower federal court’s ruling that they failed to carry their burden to establish that Fidelity Management Trust Co. breached its fiduciary duties pursuant to the Employee Retirement Income Security Act by mismanaging the Fidelity Group Employee Benefit Plan Managed Income Portfolio Comingled Pool (MIP) (James Ellis, et al v. Fidelity Management Trust, No. 17-1693, 1st Cir.)....