Expert Opinion

A recent decision in the U.S. Court of Appeals for the Ninth Circuit upholding the dismissal of a 401(k) excessive fee lawsuit against Chevron Corp. was a welcomed ruling for employer sponsors of retirement plans, but it alone will not slow the pace of claims, according to one prominent ERISA attorney.
“The Ninth Circuit was right in this case,” said Jamie Fleckner, Chair, ERISA Litigation at Goodwin. “But I don’t think it will end up being a game changer.”
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