Judge Dismisses 2nd Amended ERISA Fees Complaint With Prejudice

Mealey's ( May 22, 2023, 10:02 AM EDT) -- PHILADELPHIA — Saying that “vaguely alleging recordkeeping services are fungible does not plausibly allege a breach,” a Pennsylvania federal judge granted dismissal with prejudice of a complaint in which retirement plan participants cited allegedly excessive record-keeping fees in arguing breach of the fiduciary duty of prudence under the Employee Retirement Income Security Act....

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