Third Circuit To Consider Class Certification Issues Percolating In ERISA Fee Litigation
By EsqSocial Corporation 24/05/21
The Third Circuit will review a Pennsylvania district court’s decision to certify a 60,000+ person class in an ERISA fiduciary breach lawsuit claiming mismanagement of a defined contribution plan’s investments and recordkeeping fees. This appeal queues up guidance on a hotly litigated issue in recent ERISA cases: can defined contribution plan participants challenge the prudence and loyalty of retaining a plan investment option they never invested in?......
By: Jackson Lewis P.C.