Article by Sidley Austin's Insurance Class Action Defense and ERISA Litigation Practices; originally published on 5 September 2008. Excerpt: In a first-of-its-kind victory for the financial services industry, a federal district court in Iowa has denied class certification in an ERISA class action suit that challenged so-called 'revenue sharing' associated with retirement plans. Ruppert v. Principal Life Ins. Co.,No. 4:07-cv-0344-JAJ (S.D. Iowa Aug. 27, 2008). The case concerned whether 'revenue sharing' payments from mutual funds violated the Employee Retirement Income Security Act of 1974 (ERISA).  MORE >>