Benefits Firms Should Face ERISA Suit, Judge Says

By Carolina Bolado (March 11, 2021, 4:11 PM EST) -- A federal magistrate judge on Wednesday recommended denying a bid by two benefits firms to duck a lawsuit claiming they violated a duty of care and committed malpractice by providing bad investment advice regarding a hospital administrator retirement plan.

U.S. Magistrate Judge Philip R. Lammens said the motions for summary judgment filed by Aon Hewitt Investment Consulting Inc., a benefits consulting company, and Alight Solutions LLC, a benefits administration company, should be denied because there are genuine issues of fact as to whether they breached their duties to hospital administrator Foundation Resolution Corp., which hired them to help eliminate a funding...

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