Judge Trims Some Loyalty Claims In ERISA Spat Over Proprietary CITs, Fees

Mealey's (September 21, 2021, 1:42 PM EDT) -- FLORENCE, S.C. — A federal judge in South Carolina trimmed some allegations of breach of the fiduciary duty of loyalty but allowed breach of the duty of prudence and parts of other claims to proceed in a putative class suit filed by retirement plan participants challenging investment in proprietary collective investment trusts (CITs) and alleging excessive fees in a Sept. 16 ruling on three motions to dismiss....

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