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Court Trims 401(k) Management Suit Against Engineering Firm

By Emily Brill (February 10, 2022, 2:41 PM EST) -- A California federal judge has pared down a proposed class action challenging the oversight of an engineering firm's 401(k) plan, tossing claims that the plan caretakers are directly liable for an investment manager's decisions but preserving allegations that they failed to properly supervise that manager....

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