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1st Circ. Upholds Dismissal Of Fidelity ERISA Class Action

By Brandon Lowrey ( July 13, 2016, 8:43 PM EDT) -- The First Circuit Court of Appeals on Wednesday upheld the dismissal of a putative class action alleging Fidelity Management Trust Co. and its units violated the Employee Retirement Income Security Act when it used interest from investor money to pay taxes and expenses, saying that interest was not a plan asset....

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