Investment Firm Slips Plan Members' Self-Dealing 401(k) Suit

[Gunnar Larson]

Investment Firm Slips Plan Members' Self-Dealing 401(k) Suit
<https://www.law360.com/newyork/articles/1817338?nl_pk=ac5a3855-e47c-4403-bee6-ca14f9bcf831&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2024-03-26&read_main=1&nlsidx=0&nlaidx=11>

By Emmy Freedman

A New York federal judge on Monday threw out a lawsuit retirement plan
participants lodged against investment firm AllianceBernstein accusing it
of steering retirees' savings into its own poorly performing investments,
saying there's no evidence the company was benefiting from these alleged
actions.

 Opinion attached | Read full article »
<https://www.law360.com/newyork/articles/1817338?nl_pk=ac5a3855-e47c-4403-bee6-ca14f9bcf831&utm_source=newsletter&utm_medium=email&utm_campaign=newyork&utm_content=2024-03-26&read_more=1&nlsidx=0&nlaidx=11>
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