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Dismissal Streak Continues in BlackRock Target Date Fund Litigation
Proskauer Link to more items from this source
May 5, 2023

"A third district court has dismissed with prejudice a complaint alleging that defendants breached their fiduciary duties under ERISA by offering 401(k) plan participants the option to invest in BlackRock LifePath Index Target Date Funds.... Although the outcome of the court's ruling here is consistent with earlier decisions, the rationale underlying the Beldock decision arguably goes further than in prior rulings[.]" [Beldock v. Microsoft, No. 22-1082 (W.D. Wash. Apr. 24, 2023)]

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