In ERISA Fiduciary Ruling, Judge Grants Dismissal Of TIAA Portfolio Advisor Case

Mealey's (September 29, 2022, 1:54 PM EDT) -- NEW YORK — Following analysis based on her own interpretation of the Employee Retirement Income Security Act “statutory provisions and the regulations promulgated thereunder,” a New York federal judge granted dismissal of a suit over TIAA Portfolio Advisor accounts on the grounds that the plaintiffs failed to allege that the defendants were functional fiduciaries....