The participant only prevailed in moving forward a claim that Verizon allowed an imprudent investment option to continue to be offered in its retirement plans.
Tag: retirement plan participant lawsuits
The court basically decided Fidelity was not the fiduciary responsible for choosing to provide the advice and SDBA offerings to participants.
A federal district court ruled the plaintiffs did not meet all the pleading standards set forth by the U.S. Supreme Court.
A federal court judge basically found many of the allegations stated normal business practices and the plaintiff did not offer enough arguments to support her claims.
The court granted summary judgment to the plaintiffs and ordered their benefits be paid along with prejudgment interest.