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Class Action Complaint Challenges Fidelity Plan's Revenue-Sharing Arrangement
Bloomberg BNA Link to more items from this source
Jan. 15, 2014
"[E]ach of the entities involved in the alleged arrangement -- the plan sponsor, mutual fund adviser and record keeper -- are members of the same corporate family. The complaint was filed Jan. 7 in the U.S. District Court for the District of Massachusetts by two participants in the FMR LLC Profit Sharing Plan. They seek certification of a class of all plan participants from Jan. 8, 2008, until the present, which the complaint contends is 'over 50,000' individuals."

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