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If the fiduciary rule is ultimately implemented as written, the question of ERISA’s role in litigating IRA class claims can be expected to be at the forefront of plaintiffs’ and defendants’ arguments.(Photo: AP)

The Labor Department’s fiduciary rule may give IRA investors access to jury trials in class action lawsuits, a right that has been denied to the vast majority of plaintiffs in class actions brought under the Employee Retirement Income Security Act.

Nick Thornton

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