Upholding ERISA Fees And Funds Ruling, 11th Circuit Declines To Shift Burden

(August 5, 2024, 2:04 PM EDT) -- ATLANTA — Declining to revive a class action over retirement plan fees and funds and rejecting a request to join circuits that have adopted a burden-shifting framework, an 11th Circuit U.S. Court of Appeals panel ruled on Aug. 2 that a 1992 decision is circuit precedent and “the burden of proving loss causation lies with the plaintiff” in such Employee Retirement Income Security Act cases....