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T. Rowe Price Loses Bid to Dismiss Fiduciary Breach Case
Pensions & Investments 
Aug. 24, 2018 " 'Defendants argue that the plan document required the plan trustees to select an exclusive lineup of T. Rowe Price funds,' [the federal district judge] wrote, adding that T. Rowe Price had contended that because it did this as a plan sponsor, it was not subject to ERISA's fiduciary provisions.... 'Regardless of the reasons that T. Rowe Price may have chosen to restrict the trustees to investing in only in-house funds, it does not provide a blanket defense for the plan trustees,' [Judge Bredar] wrote." [Feinberg v. T. Rowe Price, No. 17-427 (D. Md. Aug. 20, 2018)] MORE >> |
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