Retirement Plan Service Provider Seeks Dismissal Of Kickback Scheme Lawsuit

Mealey's (July 9, 2019, 9:38 AM EDT) -- BOSTON — Because nothing in the Employee Retirement Income Security Act prevents a retirement savings plan’s service provider from acting in its own interests when negotiating its compensation, the provider and other defendants argue in a July 1 brief that a Massachusetts federal court should dismiss a consolidated amended complaint alleging a kickback payments scheme in connection with plan investments (In re Fidelity ERISA Fee Litigation, No. 19-10335, D Mass.)....