Class Suit Over Edward Jones Plan Management, Fees Survives Dismissal Motion

(April 9, 2018, 8:03 AM EDT) -- ST. LOUIS — Plan participants who have accused Edward D. Jones & Co. L.P. (Edward Jones) and two committees of managing a profit-sharing and 401(k) plan in a manner that benefited the company and not the participants may proceed with their claims as “[t]he amended complaint is far from a ‘kitchen sink’ or ‘shotgun’ pleading in which a plaintiff brings every conceivable claim against every conceivable defendant,” a Missouri federal judge opined March 27, denying the defendants’ motion to dismiss (Valeska Schultz, et al. v. Edward D. Jones & Co., L.P., et al., No. 16-1346, E.D. Mo., 2018 U.S. Dist. LEXIS 49948)....