New York Federal Judge Grants Plan Participants’ Motion For Class Certification

(November 29, 2017, 12:29 PM EST) -- NEW YORK — A New York federal judge on Nov. 27 granted a motion for class certification filed by plaintiffs alleging that a retirement plan’s administrative and investment committees breached their fiduciary duties by selecting company-affiliated mutual funds as plan investments rather than other better-performing mutual funds after determining that the plaintiffs established the requirements necessary for class certification (Marya J. Leber v. Citigroup, Inc., et al., No. 07-9329, S.D. N.Y., 2017 U.S. Dist. LEXIS 194293)....

Attached Documents

Related Sections