Texas Federal Judge Grants Custodian Summary Judgment In ERISA Suit

Mealey's (August 8, 2022, 12:38 PM EDT) -- DALLAS — In an Aug. 3 opinion resolving numerous motions, a Texas federal judge granted summary judgment in favor of a company that served as custodian of two plans governed by the Employee Retirement Income Security Act, ruling that the custodian did not serve as a functional fiduciary and that the lack of signed copies of two agreements under which the custodian claimed excuse from liability “does not create a genuine dispute of fact.”...