Judge Denies Attorney Fees In 401(k) Valuation Suit, Ruling Decision ‘Close Call’

Mealey's (October 7, 2021, 11:12 AM EDT) -- PROVIDENCE, R.I. — A federal judge in Rhode Island on Oct. 5 denied a motion for attorney fees and costs by a 401(k) plan, its administrator and trustees, saying in a text order that the suit over a special valuation date (SVD) implemented during the COVID-19 pandemic “was brought and litigated in good faith, and its ultimate resolution was a close call.”...