In Reversal, 9th Circuit Finds Imprudence Claim Stated In 401(k) Plans Options Row

Mealey's (April 11, 2022, 1:37 PM EDT) -- SAN FRANCISCO — Ruling in part that judicially noticed documents on which the appellees relied were not sufficient to render the appellants’ “facially plausible allegations inadequate” at the pleading stage, a Ninth Circuit U.S. Court of Appeals panel on April 8 reversed and remanded a California federal judge’s dismissal of a claim for breach of the duty of prudence under the Employee Retirement Income Security Act....

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