Arguments Against Typicality Largely Fail In Class ERISA Row Over Proprietary Funds

Mealey's (May 17, 2023, 9:45 AM EDT) -- BOSTON — Partly granting certification of a mandatory class in an Employee Retirement Income Security Act suit challenging the selection and retention of proprietary funds, a Massachusetts federal judge adopted a report and recommendation concluding that the named plaintiff is typical of the class on all challenged points except as to forward-looking injunctive relief, despite being a financial analyst who no longer participates in the retirement fund and signed a release when he left the company....