Posted: February 18, 2015
By: RANDY DIAMOND
Source: Pensions and Investments
Todd Collins, an attorney with the Philadelphia law firm Berger
& Montague called the settlement "an excellent recovery" in a
statement e-mailed to Pensions &
"Plaintiffs and the class of ERISA retirement plans faced
substantial risks in seeking to prove their claims of imprudent
investing and excessive fees," Mr. Collins said. "The litigation
advances the principle that ERISA fiduciaries must be, and will be,
held to the highest standards."
here to view the article.