Claim Alleging Excessive Recordkeeping Fees Cannot Stand, Federal Judge Says

(March 6, 2019, 2:37 PM EST) -- DENVER — A Colorado federal judge on March 1 partially granted a motion for summary judgment filed by the defendants in an Employee Retirement Income Security Act lawsuit accusing Oracle Corp. of making imprudent investments and allowing the collection of excessive fees related to its 401(k) plan after determining that the plaintiffs failed to provide any evidence that the plan could have paid less for recordkeeping services than it did (Deborah Troudt, et al. v. Oracle Corporation, et al., No. 16-175, D. Colo., 2019 U.S. Dist. LEXIS 33017)....

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