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4th Circ. Backs BofA Pension Suit's Dismissal Over Standing

By Stewart Bishop (January 14, 2013, 8:46 PM EST) -- The Fourth Circuit on Monday upheld a lower court's dismissal of a proposed class action brought by participants in Bank of America Corp.'s employee savings plans that accuses plan administrators of wrongfully pumping employee savings into BofA-affiliated funds, finding the employees lack constitutional standing....

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