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SeaWorld Soaked With Excessive Fee Suit
American Retirement Association [ARA] Aug. 13, 2021 "The plaintiffs ... allege that since the inception of the plan (March 1, 2010), defendants offered higher cost mutual fund share classes as investment options for the Plan 'even though 90% of the time lower cost class shares of those exact same mutual funds with the same attributes were readily available.' They also claim that defendants 'offered higher cost share classes rather than readily available lower cost options to Plan participants for a decade before finally acknowledging their imprudent actions and changing share classes in January 2020.' " [Coppel v. SeaWorld Parks & Entertainment, Inc., No. 21-1430, (S.D. Cal. complaint filed Aug. 10, 2021)] |
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