In the case over alleged excessive fees in the B. Braun Medical retirement plan, the judge moved forward claims for breach of duty of prudence but tossed claims for breach of duty of loyalty.
Judge Moves Forward Some Claims in Excessive Fee Suit, Rejects Others
A judge found there was no evidence that fiduciaries of B. Braun Medical s retirement plan violated ERISA s duty of loyalty, but he denied dismissal of claims for breach of duty of prudence.
A federal judge has granted in part and denied in part defendants’ motion to dismiss a lawsuit accusing fiduciaries of B. Braun Medical’s defined contribution (DC) retirement plan of failing in their duties to ensure investment fees were reasonable and not excessive.
Judge Edward G. Smith of the U.S. District Court for the Eastern District of Pennsylvania denied dismissal of the claims for breach of duty of prudence under the Employee Retirement Income Security Act (ERISA), but granted dismissal for the claims of breach of duty of loyalty.
Singapore Limits Taiwan Travel; U.S. Cases Slow: Virus Update
Bloomberg 1 hr ago
U.S. schools should maintain mask requirements at least through the end of the academic year, the Centers for Disease Control and Prevention said. Singapore tightened travel with Taiwan after cases jumped in the two Asian nations that had been pandemic success stories.
Businesses from Walt Disney Co.’s theme park in Florida to Walmart Inc. have loosened their mask requirements after the CDC’s Thursday announcement. Governor Andrew Cuomo said that more than half of New Yorkers 18 years and older are now fully vaccinated.
Covid has killed more than 1,000 bank employees in India, which has declared banking services essential even as the disease ravages the country, a key industry body said.
U.S. schools should maintain mask requirements at least through the end of the academic year, the Centers for Disease Control and Prevention said. Singapore plans to vaccinate children under 16 after a spike in cases among students.
U.S. Cases Slip; Disney World Eases Mask Rules: Virus Update Bloomberg 1 hr ago
(Bloomberg)
Average weekly cases fell or were even in all U.S. states and territories except Wyoming, according to the latest data from the U.S. Centers for Disease Control and Prevention.
U.S. businesses from Walt Disney Co.’s theme park in Florida to Walmart Inc. have loosened their mask requirements following new guidance from the CDC on Thursday.
Covid has killed more than 1,000 bank employees in India, which has declared banking services essential even as the variant known as B.1.617 ravages the country, a key industry body said.