Federal Judge Refuses To Dismiss Suit Alleging Breach Of Fiduciary Duties

(September 7, 2021, 10:35 AM EDT) -- GRAND RAPIDS, Mich. — A Michigan federal judge on Aug. 9 denied a motion to dismiss a putative class action suit alleging claims for breach of the fiduciary duties of loyalty and prudence and failure to monitor the investments of a 401(k) plan after determining that the plaintiffs sufficiently alleged facts in support of their claims that the plan and its fiduciaries failed to consider other investment options that would benefit plan participants....