Judge Cites Albert In Dismissing ERISA Fees, Funds Complaint Against Exelon

Mealey's (September 29, 2022, 7:05 AM EDT) -- CHICAGO — Citing Albert v. Oshkosh regarding the pleading standard for Employee Retirement Income Security Act fiduciary breach cases, an Illinois federal judge dismissed a complaint challenging a retirement plan’s fees and funds for failure “to meet the plausibility threshold required to state a claim,” but granted the plaintiffs leave to replead....