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Industry Coalition Unites to Support Dismissal of ERISA Fiduciary-Breach Claims Related to BlackRock Target Date Funds
Proskauer Link to more items from this source
Feb. 24, 2023

"[In] the summer of 2022, one law firm filed eleven class action complaints targeting 401(k) plan sponsors and fiduciaries for offering the BlackRock Life Path Index Target Date Funds ... [A] number of trade organizations ... decided to file amicus curiae briefs ... to assist the courts in understanding the potentially devastating industry-wide impact that complaints such as these could cause were they not immediately dismissed.... [This article looks at] what the Amici had to say about the allegations and also provide[s] a brief update on the status of these cases."

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