11th Circ. Affirms Dismissal Of SunTrust Worker's ERISA Suit

Law360, Los Angeles (February 26, 2014, 6:20 PM EST) -- The Eleventh Circuit on Wednesday refused to revive a former SunTrust Banks Inc. employee's putative class action accusing the bank of unfairly compromising its employees' retirement plans by allegedly selecting poorly performing mutual funds managed by its own affiliates, finding that the plaintiff's claims are time-barred.

A three-judge panel affirmed the district court's dismissal of Barbara Fuller's class complaint, ruling that Fuller's claims that SunTrust's benefits committee and its members breached their fiduciary duties of loyalty and prudence are barred by the Employee Retirement Income Security...
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