Fidelity Tells 1st Circ. Fees Don't Make It ERISA Fiduciary

By Brian Dowling (October 27, 2020, 3:23 PM EDT) -- Seeking to fend off proposed class action claims, Fidelity Investments told the First Circuit on Monday that negotiating fees in stocking its mutual fund "supermarket" falls far short of the type of control that would deem it a fiduciary for 401(k) plan participants....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!