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Tussey v. ABB: Opening Up New Avenues for Excessive Fee Litigation and Putting the Final Nail in the Coffin of Hecker v. Deere
Stephen Rosenberg, The Wagner Law Group
Mar. 31, 2014 "[O]ne of the most important parts of the holding in Tussey v. ABB was not the float issue, heavily focused on by most reports, but the Eighth Circuit's ringing rejection of the thesis, pressed by the Seventh Circuit in Hecker, that it was enough to defeat an excessive fee claim that a plan provided a range of investment options with a range of fees; the Eighth Circuit ... put a well-deserved end to that line of argument[.]" MORE >> |
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