ERISA Claims Survive Dismissal Bid In Suit Over Proprietary Index Funds

Mealey's (August 12, 2022, 12:03 PM EDT) -- NEW YORK — Allegations that the selection and retention of proprietary index fund products for a retirement plan resulted in Employee Retirement Income Security Act violations of the duties of prudence and loyalty and the duty to monitor fiduciaries are sufficient to state a claim, a New York federal judge ruled Aug. 1....