10th Circuit Affirms Ruling In Favor Of Fund Operator In ERISA Dispute

Mealey's (March 28, 2019, 1:15 PM EDT) -- DENVER — A district court properly found that a fund operator accused of violating the Employee Retirement Income Security Act is not a fiduciary with respect to a portfolio fund, the 10th Circuit U.S. Court of Appeals said March 27 in affirming the district court’s ruling (John Teets v. Great-West Life & Annuity Insurance Company, No. 18-1019, 10th Cir., 2019 U.S. App. LEXIS 9090)....