Amid Surge In ERISA Suits Over American Century TDFs, Judge Grants Dismissal

( March 31, 2026, 4:02 PM EDT) -- CLEVELAND — On the heels of a surge of similar litigation over the selection and retention of American Century Fund target date funds (TDFs) as retirement fund options, an Ohio federal granted dismissal of a putative class suit on the grounds that at most, the allegations show “modest underperformance” that “is insufficient to infer imprudence.”...

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