Fee Litigation: Has A Tipping Point Been Reached?

Law360, New York (April 15, 2008, 12:00 AM EDT) -- Fee litigation, which challenges the fees and expenses borne by 401(k) plans, is making a run at becoming the next major wave of ERISA fiduciary litigation.

For example, a financial provider, New York Life, has recently agreed to pay $14 million on ERISA fee claims related to its mutual funds.

Moreover, in several recent rulings, many courts have permitted fee claims to go forward, at least through the preliminary stage of the case.

An illustrative case is Charters v. John Hancock Life Ins. Co., 2007 WL...
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