Defendants Seek Dismissal Of ERISA Suit Over Fraudster’s Account-Stripping

Mealey's (September 20, 2022, 8:54 AM EDT) -- NEW YORK — In separate Sept. 15 motions to dismiss a retirement plan participant’s suit alleging they should have acted differently to prevent a fraudster from stripping her account, two defendants in told a New York federal court that the allegations don’t establish that they are fiduciaries; the third defendant argued that administrative remedies have not been exhausted and that the allegations, if proven, do not show that it caused the loss....