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DOL Lawsuit Over Investment in DST Systems' 401(k) Will Proceed
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Mar. 31, 2022 "The DOL alleges that the defendants violated their fiduciary duties of diversification, loyalty and prudence under [ERISA] by employing Ruane, Cunniff's non-diversification strategy for the plan's assets. It also claims that the DST defendants failed to follow the plan document by not establishing a written investment policy for the plan and that they failed to monitor the investment manager." [Walsh v. Ruane, Cunniff & Goldfarb, Inc., No. 19-9302 (S.D.N.Y. Mar. 28, 2022)] MORE >> |
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