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The Gamesmanship of the Excess Recordkeeping Claims Against the American Red Cross
Euclid Specialty Managers
[Opinion] June 23, 2023 "The plaintiff lawyers in the Red Cross case do not properly acknowledge how the fees were charged; nor do they attempt to compare a percentage-of-asset approach to other plans with a percentage-of-asset approach. Instead, they choose the dishonest approach of asserting both misleading fees and comparators. The had no need to resort to distortion, but that is the default mode of many excess fee lawsuits." |
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