In Illinois Federal Court, Fiduciary Breach Claims Survive In Part

Mealey's (March 19, 2020, 8:47 AM EDT) -- CHICAGO — Although agreeing that a putative plaintiff class lacks standing to allege that a profit-sharing retirement plan sponsor and its fiduciaries made imprudent investments with regard to two funds the plaintiffs did not contribute to, an Illinois federal judge on March 16 said that the case should largely proceed to discovery (Chandra V. Brown-Davis, et al. v. Walgreen Co., et al., No. 19-5392, N.D. Ill.)....