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Supreme Court Could Defend Fiduciary Decisions in Taking Up Putnam Case
planadviser; registration may be required 
Feb. 28, 2019 "The Investment Company Institute (ICI) is urging the U.S. Supreme Court to take on a case against Putnam Investments ... ICI argues that shifting the burden of proving causation, or the lack thereof, from the plaintiff to the fiduciary ignores the ordinary default rule and the plain language of ERISA specifying that fiduciaries are liable for 'losses to the plan resulting from' a fiduciary breach." [Putnam Investments, LLC v. Brotherston, No. 17-1711(1st Cir. Oct. 15, 2018; cert. pet. filed Jan. 11, 2019, Docket No. 18-926)] MORE >> |
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