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Text of DOL Amicus, in Re: J.P. Jeanneret Associates, Inc., in Support of Plaintiffs' Memorandum in Opposition to Defendants' Motions to Dismiss Claims
U.S. Department of Labor [DOL]Link to more items from this source
[Official Guidance]
Nov. 9, 2010
Excerpt: The brief of the Secretary of Labor addresses the following issue: Whether the plaintiffs, participants in numerous ERISA plans whose assets were invested in Bernard Madoff's fraudulent schemes, state a plausible claim that Defendant Ivy Asset Management LLC ..., a company which allegedly provided for the selection of and access to hedge fund and unregulated investment managers, including Madoff, not available to the general public, provided investment advice for a fee, and thus was an ERISA fiduciary under [ERISA][.]

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