Claim Against Independent Fiduciary Survives Dismissal In Amended PRT Case

( September 29, 2026, 1:43 PM EDT) -- BOSTON — Overruling objections from each party in a putative class action that is part of a wave of pension risk transfer (PRT) challenges, a Massachusetts federal judge on Sept. 28 adopted a report and recommendation that concluded that the amended complaint “plausibly alleges that a fiduciary breach occurred” but that only a claim against an independent fiduciary and one of the fiduciary’s managing directors survives dismissal....