Fiduciary Duty Suit Over Theft From Account Dismissed For 2nd Time

Mealey's (February 10, 2021, 11:16 AM EST) -- CHICAGO — A retiree whose identity was stolen and used to withdraw a large amount from her 401(k) retirement account failed in her amended complaint to show that her plan fiduciaries breached their duties of prudence or to monitor, a federal judge in Illinois ruled Feb. 8, dismissing the case for a second time but granting the retiree another chance to amend her complaint....