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Retirement – Fiduciary duty – Prudence

Where a complaint has been filed alleging breach of the fiduciary duty of prudence to participants in the defendants’ retirement plans (Count I) and “failure to adequately monitor other fiduciaries” (Count II) in violation of the Employee Retirement Income Security Act, the doctrine of issue preclusion bars one plaintiff’s claim, but the other plaintiffs have
Russell Crabtree Kimberly Nesbitt Aaron Brown Erin Wheeler Peter Young Nina Daniel

Judge green lights ERISA suit alleging excessive fees

A class of retirees could proceed with claims that their former employer is liable under the Employee Retirement Income Security Act for failing to discharge its fiduciary duties to contain administrative and recordkeeping costs charged to the participants of the company’s retirement plans, a federal judge has decided. The plaintiffs are participants in two pension
United States New Haven Donaldr Reavey Aaron Brown Peter Young Jeffreyr Hellman

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