Illinois Federal Judge: Most ERISA Claims Survive In Spat Over Proprietary CITs

Mealey's (May 11, 2021, 10:17 AM EDT) -- CHICAGO — Most retirement plan participants’ claims that plan fiduciaries breached their duties in violation of the Employee Retirement Income Security Act by selecting proprietary collective investment trusts (CITs) and other actions survive after a federal judge in Illinois on April 13 partly granted and partly denied the fiduciaries’ motions to dismiss for failure to state a claim....