401(k) Fee Case Against Edison Winnowed

Law360, New York (August 4, 2009, 6:47 PM EDT) -- A federal judge has narrowed a class action that accuses Edison International of offering a 401(k) plan that charges excessive fees, but triable issues remain over whether certain mutual funds were chosen to maximize the amount of revenue sharing for the benefit of the company and not that of plan participants.

On July 16, Judge Stephen V. Wilson of the U.S. District Court for the Central District of California granted Edison's motion for summary judgment with regard to all the claims except for the mutual fund...
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