Colorado Federal Judge Limits Recovery In ERISA Case To Individual Losses

Mealey's (April 26, 2019, 11:36 AM EDT) -- DENVER — Allegations that an investment consultant for an employee 401(k) plan breached its duty of loyalty were partly rejected April 23 by a Colorado federal judge, who found that plaintiffs in the case may not bring direct action claims for losses to the entire plan allegedly attributable to the consultant (Lorraine M. Ramos, et al. v. Banner Health, et al., No. 15-2556, D. Colo., 2019 U.S. Dist. LEXIS 68663)....

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