Ruling Comparisons Sufficient, 3rd Circuit Vacates ERISA Imprudence Case Dismissal

Mealey's ( May 17, 2024, 1:56 PM EDT) -- PHILADELPHIA — In a May 16 opinion largely focused on record-keeping fees, a Third Circuit U.S. Court of Appeals panel vacated dismissal of an Employee Retirement Income Security Act imprudence complaint that it said a lower court found didn’t compare “‘apples to apples,’” ruling that under “close examination,” the comparisons “are sufficient to plausibly state a claim.”...

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