Plan Participant’s Complaint Properly Dismissed, Panel Affirms

Mealey's (June 29, 2018, 12:30 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on June 27 affirmed a district court’s dismissal of a retirement plan participants’ claims alleging breach of fiduciary duties after determining that the participant failed to allege a special circumstance proving that the plan’s reliance on the market’s valuation was imprudent (Randy Kopp, et al. v. Scott W. Klein, et al., No. 16-11590, 5th Cir., 2018 U.S. App. LEXIS 17662)....