9th Circuit Reverses Dismissal Of Putative ERISA Class Suit Over 401(k) Funds, Fees

Mealey's (April 18, 2022, 11:27 AM EDT) -- SAN FRANCISCO — Ruling in an unpublished memorandum disposition that fiduciaries’ “explanation for the more expensive choice is unavailing at the pleading stage,” a Ninth Circuit U.S. Court of Appeals panel on April 15 reversed and remanded a California federal court’s dismissal of putative class allegations regarding retirement plan fees and funds....

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