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Aon Defeats ERISA Class Action at Trial
Jackson Lewis P.C.Link to more items from this source
Oct. 20, 2021

"Plaintiffs alleged that Aon and Lowe's breached their fiduciary duties of loyalty and prudence under ERISA to the Plan by directing substantial Plan assets to Aon's proprietary investment products.... In rejecting Plaintiffs' argument that Aon breached its fiduciary duty because its proprietary fund did not generate as much growth as other investment options, Judge Bell noted that Plaintiffs' 'hindsight attacks' on Aon's alleged failure to consider alternative investments based on historical results were 'unpersuasive'[.] ' [Reetz v. Lowe's Companies, Inc.; Administrative Committee of Lowe"s Companies, Inc. and Aon Hewitt Investment Consulting, Inc., No. 18-075 (W.D.N.C. Oct. 12, 2021)]

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