Judge Dismisses 401(k) ERISA Fiduciary Breach Suit With Leave To Amend

Mealey's (November 24, 2021, 10:09 AM EST) -- SAN JOSE, Calif. — Participants in a LinkedIn Corp. 401(k) plan did not adequately allege Article III standing and stated a claim for breach of fiduciary duty only as to the selection and retention of active suite rather than index suite target date funds, a California federal judge ruled Nov. 16 after considering numerous decisions from other courts in the district, dismissing the class complaint with leave to amend....

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