Plaintiffs Have Standing To Bring Claims Alleging Breach Of Duties Of Loyalty, Prudence

(September 10, 2020, 8:31 AM EDT) -- LOS ANGELES — A California federal judge on Sept. 1 denied a motion to dismiss filed by defendants accused of breaching their duties of prudence and loyalty under the Employee Retirement Income Security Act because the plaintiffs demonstrated that they have standing to bring their claims and adequately alleged facts in support of their claims for relief (Merry Russitti Diaz, et al. v. Westco Chemicals Inc., et al., No. 20-2070, C.D. Calif.)....