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Suit Against Principal Alleges Misleading Mutual Fund Sales
ERISA Class Action Watch 
Sept. 5, 2007
Excerpt: An Iowa plaintiffs' firm has filed suit in the S.D. Iowa against Principal Financial Group on behalf of participants in 401(k) plans to which Principal provided bundled services. The purported class action alleges that a Principal subsidiary advises participants in retirement plans serviced by Principal that they should rollover their retirement assets to a Principal IRA offering 'J Shares' class mutual funds.
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