10th Circuit Finds No Abuse Of Discretion In Judgment And Damages On ERISA Claims

Mealey's (June 15, 2021, 9:30 AM EDT) -- DENVER — A Colorado federal judge who sided with a class on allegations that their employer charged excessive record-keeping fees, failed to monitor fiduciaries and engaged in prohibited transactions when it reimbursed some of its own expenses from 401(k) plan assets did not abuse his discretion in rejecting a different prohibited transaction claim, denying injunctive relief and excluding expert testimony and calculating damages and prejudgment interest, the 10th Circuit U.S. Court of Appeals ruled June 11....