5th Circuit Reverses Dismissal Of ERISA Imprudence Suit Over Fees, Share Classes

(April 15, 2024, 2:49 PM EDT) -- NEW ORLEANS — In an unpublished opinion reversing dismissal of a putative class Employee Retirement Income Security Act fees and funds challenge, a Fifth Circuit U.S. Court of Appeals panel ruled an imprudence claim plausible “in light of the Supreme Court’s decision in [Hughes v. Northwestern University (Hughes I)] and circuit court decisions addressing similar allegations.”...