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Claims Against Astellas, Aon Move Forward in Untested CITs Lawsuit
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Apr. 19, 2021 "The plaintiffs allege that instead of acting in the exclusive best interest of participants, [Aon] ... acted in its own interest by causing the plan to invest in Aon's proprietary collective investment trusts (CITs) for Aon's benefit. The Astellas defendants are also accused of failing to use the plan's bargaining power to negotiate reasonable fees for investment management services." [Miller v. Astellas US LLC, No. 20-3882 (N.D. Ill. Apr. 13, 2021)] MORE >> |
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