Lawsuit Over Plan Option Costs, Investors, Dismissed In California

Mealey's (October 13, 2020, 9:50 AM EDT) -- SAN FRANCISCO — Allegations by participants in a 401(k) retirement plan that their former employer breached the fiduciary duties of loyalty and prudence were dismissed without prejudice on Oct. 5 by a federal judge in California, who agreed with defendants in the case that there is no meaningful way to compare passively managed funds with actively managed funds (Tim Davis, et al. v. SalesForce.com Inc., et al., No. 20-1753, N.D. Calif., 2020 U.S. Dist. LEXIS 184283)....