Retirement Plan Defendants Liable For Breaching Duty Of Prudence, Judge Says

Mealey's (April 1, 2020, 9:56 AM EDT) -- BOSTON — A Massachusetts federal judge on March 27 determined that retirement plan defendants are liable for breaching the duty of prudence by failing to monitor mutual fund investments and by failing to monitor record keeping expenses; however, the judge said the defendants are not liable for breaching the duty of prudence by failing to investigate alternatives to the mutual fund investments (Kevin Moitoso, et al. v. FMR LLC, et al., No. 18-12122, D. Mass., 2020 U.S. Dist. LEXIS 53656)....