Jury Demand Is Struck In ERISA Case Over Alleged Imprudence, Cross-Selling

( December 31, 2024, 10:15 AM EST) -- NEWARK, N.J. — Saying that under Pane v. RCA Corp., the “causes of action do not establish a right to a jury trial because they are claims of equity jurisdiction,” a New Jersey federal magistrate judge struck the jury demand in an Employee Retirement Income Security Act suit over a retirement plan’s fees and funds and service providers’ purported use of participants’ confidential data in cross-selling....