A federal judge in Camden dismisses a putative class action accusing Fidelity of charging excessive fees to 401(k) plan participants in divorces.
August 24, 2012 at 05:35 PM
1 minute read
A federal judge in Camden on Monday dismissed a putative class action accusing Fidelity of charging excessive fees to 401(k) plan participants in divorces.
District Judge Joseph Irenas held in Danza v. Fidelity Management Trust Co., 11-cv-2893, that Fidelity was not a fiduciary on this matter and therefore could not be held liable.
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