ERISA Safe Harbor Arguments Fail In Class Certification, Summary Judgment Ruling

Mealey's (November 22, 2022, 2:19 PM EST) -- ALEXANDRIA, Va. — Rejecting the defendants’ arguments based on the Employee Retirement Income Security Act’s “safe harbor” provision, a Virginia federal judge granted class certification and denied summary judgment in a suit alleging that 401(k) fiduciaries should have acted earlier to liquidate an undiversified single-stock fund....

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