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The Right to a Jury Trial in ERISA Excessive Fee Cases
Encore Fiduciary
[Opinion] Apr. 25, 2023 "Courts are making no effort to go beyond the arcane legal-versus-equitable test from the common law in England.... [Defendant's] Memorandum in support of the Emergency Motion to Certify Interlocutory Appeal in the Yale case ... does an excellent job in highlighting the significant prejudice to plan sponsors if unsophisticated juries will decide fiduciary imprudence cases.... Based on the inconsistent case law to date, most federal judges are unqualified to second-guess plan fiduciaries. But a panel of local citizens is definitely unqualified." [Vellali v. Yale Univ., No. 16-1345 (D. Conn. Mar. 17, 2023)] MORE >> |
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