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Statute of Limitations Bars Claim That High Fees Made Plan's Investments Imprudent
Thomson Reuters / EBIA Link to more items from this source
Aug. 2, 2018
"This case highlights the importance of 'actual knowledge' under ERISA's statute of limitations for fiduciary violations: Not only does actual knowledge shorten the limitation period from six to three years, but it may also effectively prevent the use of a continuing violation theory of liability. The case also illustrates how it is not always clear what an employee must know to have actual knowledge." [Bernaola v. Checksmart Financial LLC, No. 16-684 (S.D. Ohio July 12, 2018)]

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