Goldilocks And The 3 Stable Value Fund Lawsuits

Law360 (April 4, 2018, 11:03 AM EDT) -- Stable value fund litigation looked a lot like the Goldilocks problem. Plaintiff firms sued companies for offering stable value funds that were allegedly too risky or not risky enough, much like Goldilocks' challenge of finding porridge that was just right — not too hot or too cold.

For stable value funds, it turns out, the porridge cannot be too cold. At least that was the opinion of the First Circuit, which became the first appellate court to rule on stable value funds. The opinion in Ellis v. Fidelity Management Trust Company, issued on Feb. 21, 2018, upheld the dismissal of a...

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