Federal Judge Dismisses 1 Prohibited Transactions Claim Against Plan Defendants

Mealey's ( July 23, 2018, 9:40 AM EDT) -- BOSTON — A plaintiff’s claim alleging prohibited transactions with a fiduciary against retirement plan defendants cannot stand because the transaction fees were paid out of fund assets rather than plan assets, a Massachusetts federal judge said July 19 (Melissa Velazquez, et al. v. Massachusetts Financial Services Co., d/b/a MFS Investment Management, et al., No. 17-11249, D. Mass., 2018 U.S. Dist. LEXIS 120424)....