After Bench Trial, Judge Rules Against Class In ERISA Row Over Single-Stock Fund

(December 6, 2023, 11:28 AM EST) -- ALEXANDRIA, Va. — After a bench trial, a Virginia federal judge on Dec. 5 ruled that the administrator of a 401(k) plan “acted with procedural prudence” regarding divestiture of a single-stock fund and so “did not breach its duty to diversify” under the Employee Retirement Income Security Act by not acting earlier....

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