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Some Allegations in 401(k) Case Against Voya Survive Motion to Dismiss
Pensions & Investments 
June 19, 2023 "[The district court judge] dismissed ERISA complaints alleging mismanagement of a Voya stable value fund, a Voya target-date series, a Voya real estate fund and two other funds offered by third-party investment managers. He also dismissed the allegation that the defendants failed to monitor administrative fees. However, he refused to dismiss allegations that the defendants engaged in certain prohibited transactions covered by ERISA." [Ravarino vs. Voya Financial Inc., No. 21-1658 (D. Conn. Jun. 13, 2023)] MORE >> |
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