Judge Dismisses 401(k) Suit Against Deere, Fidelity

Law360, New York (July 3, 2007, 12:00 AM EDT) -- Pending ERISA suits alleging that 401(k) plan sponsors breached their fiduciary duties have another hurdle to overcome, now that a Wisconsin judge has dismissed one of the first suits, brought against Deere & Co. and Fidelity Management Trust Co.

Plaintiffs’ firm Schlichter, Bogard & Denton LLP were quick to respond to the order, issued by Judge John C. Shabaz of the U.S. District Court for the Western District of Wisconsin on June 22. On Tuesday, the firm, which pioneered these types of cases, filed a motion...
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