Bench Trial Leads To Ruling Against Class In ERISA Row Over Proprietary TDFs

(February 26, 2024, 2:36 PM EST) -- SANTA ANA, Calif. — Following a nine-day bench trial in an Employee Retirement Income Security Act class action over proprietary target date funds (TDFs), a California federal judge on Feb. 23 found for the plan sponsor and investment manager on all remaining claims....