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Second Circuit Raises the Pleading Bar for Excessive Fee Claims
Kantor & Kantor 
Dec. 18, 2024 "The court explained that in order to survive a motion to dismiss, a plaintiff must specifically allege how the fees at issue are excessive in relation to the services rendered. After all, a higher-than-average fee might still be prudent if the plan receives additional services that warrant a higher fee. As a result, a plaintiff cannot simply compare price; an examination of the services being purchased for that price must also be conducted." [Singh v. Deloitte LLP, No. 23-1108 (2d Cir. Dec. 10, 2024)] MORE >> |
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