Fiduciaries Breached Duty of Prudence by Investing in Retail Share Classes

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Fiduciaries Breached Duty of Prudence by Investing in Retail Share Classes
Nixon Peabody LLP

[Guidance Overview]
July 22, 2010

Excerpt: The case is Tibble v. Edison International, decided by the District Court for the Central District of California earlier this month. Although district court opinions have little precedential value, retirement plan committees and other plan fiduciaries would be wise to heed the lessons of this case.

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