Most Claims In ERISA Class Suit On Retirement Plan Funds, Fees Survive Dismissal

Mealey's (August 5, 2021, 12:46 PM EDT) -- NEW YORK — Participants in a defined-contribution 401(k) plan have standing on most of their allegations and have stated a claim for breach of fiduciary duties on behalf of the plan, a federal judge in New York ruled Aug. 2, granting defendants’ motion to dismiss the putative class suit only in regard to two funds in which the named plaintiffs did not invest....

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