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District Court Partially Dismisses ERISA 401(k) Fee and Performance Claims for Lack of Standing
ProskauerLink to more items from this source
Aug. 16, 2021

"[T]he court rejected the notion that plaintiffs suing derivatively on behalf of a plan under ERISA Section 502(a)(2) automatically have standing. The court explained that a plaintiff must assert both a cause of action under ERISA and a constitutionally cognizable injury-in-fact." [In re Omnicom ERISA Litigation, No. 20-4141 (S.D.N.Y. Aug. 2, 2021)]

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