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BlackRock Fights $100M ERISA Fiduciary Suit
Cohen Milstein 
Mar. 15, 2019 "Plaintiffs Charles Baird and Lauren Slayton hit BlackRock Inc., its subsidiaries and board members, along with BlackRock's investment consultant Mercer Investment Counseling, with a sprawling, 134-page, 11 count amended complaint in August. The suit alleges with the aid of Mercer, BlackRock mismanaged retirement plans by charging excessive hidden fees, selecting investments that charged up to 871 percent in premiums, violating ERISA and costing participants hundreds of millions of dollars in losses." |
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