Parties Spar Over Summary Judgment Motion In 401(k) Valuation Lawsuit

Mealey's (July 12, 2021, 12:59 PM EDT) -- PROVIDENCE, R.I. — Citing a conflict of interest, participants in a 401(k) plan argue in their June 28 opposition to a motion for summary judgment that a modified deferential standard of review should apply to their suit in a federal court in Rhode Island alleging that requested market valuations were unreasonably delayed until after COVID-19 negatively affected the stock market; in their July 6 reply, the plan, its administrator and trustees assert that the participants have failed to demonstrate such a conflict....