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Court in Boeing Excessive Fee Case Denies Defendant's Motions for Summary Judgment, Sets Trial Date
The Lowenbaum Partnership and FRA PlanTools
Jan. 5, 2015
"This decision makes two things clear. First, the ERISA plaintiff's bar has refined the claims being brought and/or argued since Hecker and has doubled down on conflicts of interest.... Second, Hecker doesn't have teeth anymore...maybe just baby molars. Possibly it's greatest lasting truth is that service providers such as Fidelity are not fiduciaries when they design a products such as a line up of funds." [Spano v. Boeing, No. 3:06-CV-743-NJR-DGW (S.D. Ill. Dec. 30, 2014)]
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