ERISA Fiduciary Duty Case Filed Years After Settlement Focuses On Proprietary Funds

Mealey's (February 7, 2023, 7:07 AM EST) -- SANTA ANA, Calif. — Asserting that the defendants “still maintain an all-proprietary lineup” despite a $12 million class action settlement reached in 2018 over similar claims, plaintiffs filed a putative class action in California federal court alleging Employee Retirement Income Security Act violations in regard to 401(k) plan options....

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