Breach Of Fiduciary Duty Claim Stands As It Relates To Deficient Process Allegations

Mealey's (February 13, 2019, 10:19 AM EST) -- OAKLAND, Calif. — A California federal judge on Feb. 8 partially denied a defense motion to dismiss in a suit alleging that the defendants mismanaged an employee pension benefit plan after determining that the plaintiff sufficiently alleged a breach of fiduciary duty claim based on a theory that the defendants used a deficient process when selecting a replacement investment option for the plan (Michael F. Dorman, et al. v. The Charles Schwab Corp., et al., No. 17-285, N.D. Calif.)....