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Second Circuit Establishes Practical Pleading Requirement For Prohibited Transaction Claims Under ERISA Section 406(a)(1)(C) - Employee Benefits & Compensation

The Second Circuit recently held that in order to state a claim for a prohibited transaction pursuant to ERISA section 406(a)(1)(C), it is not enough to allege that a fiduciary caused the plan to compensate a service provider for its services. ....

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