Labor & Employment — No ERISA Claim Against BOA Benefits CommitteeDavid v. Alphin The 4th Circuit upholds dismissal of a putative class claim by participants in two BOA retirement plans, alleging defendant members of the Bank’s Corporate Benefits Committee breached their ERISA fiduciary duties by putting Bank-affiliated mutual funds in the Bank’s 401(k) investment menu; the district court did not err in dismissing claims related to the Pension Plan for lack of standing and in granting summary judgment to defendants on additional claims that were time-barred.
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Published: January 18, 2013
Time posted: 5:34 pm