Common use of What Is The Class Action About Clause in Contracts

What Is The Class Action About. In the Class Action, Class Representatives claim that, during the Class Period, Defendant violated 29 U.S.C. §1104 by causing the Plan to pay excessive investment management and administrative fees, and that the Plan’s fiduciaries should have made different investment option choices with regard to certain funds in the Plan’s investment lineup. Defendant has denied and continues to deny the claims and contentions of the Class Representatives, that it is liable at all to the Class, and that the Class or the Plan have suffered any harm or damage for which Defendant could or should be held responsible, as Defendant contends that it acted prudently and in keeping with its fiduciary responsibilities under ERISA by monitoring, reviewing and evaluating the Plan’s investment options, by monitoring, reviewing and evaluating the administrative fees paid by the Plan, by eliminating or adding investment options when appropriate and by negotiating fees for administrative services for the Plan to ensure that the Plan paid reasonable fees for the services provided.

What Is The Class Action About. In the Class Action, Class Representatives claim that, during the Class Period, Defendant violated 29 U.S.C. §§ 1104 by causing the Plan to pay excessive investment management and administrative fees, and that the Plan’s fiduciaries should have made different investment option choices with regard to certain funds in the Plan’s investment lineup. Defendant has denied and continues to deny the claims and contentions of the Class Representatives, that it is liable at all to the Class, and that the Class or the Plan have suffered any harm or damage for which Defendant could or should be held responsible, as Defendant contends that it acted prudently and in keeping with its fiduciary responsibilities under ERISA by monitoring, reviewing and evaluating the Plan’s investment options, by monitoring, reviewing and evaluating the administrative fees paid by the Plan, by eliminating or adding investment options when appropriate and by negotiating fees for administrative services for the Plan to ensure that the Plan paid reasonable fees for the services provided.

What Is The Class Action About. In the Class Action, Class Representatives claim that, during the Class Period, Defendant violated 29 U.S.C. §1104 by causing the Plan to pay excessive investment management and administrative fees, and that the Plan’s 's fiduciaries should have made different investment option choices with regard to certain funds in the Plan’s 's investment lineup. Defendant has denied and continues to deny the claims and contentions of the Class Representatives, that it is liable at all to the Class, and that the Class or the Plan have suffered any harm or damage for which Defendant could or should be held responsible, as Defendant contends that it acted prudently and in keeping with its fiduciary responsibilities under ERISA by monitoring, reviewing and evaluating the Plan’s 's investment options, by monitoring, reviewing and evaluating the administrative fees paid by the Plan, by eliminating or adding investment options when appropriate and by negotiating fees for administrative services for the Plan to ensure that the Plan paid reasonable fees for the services provided.

What Is The Class Action About. In the Class Action, Class Representatives claim that, during the Class Period, Defendant violated 29 U.S.C. §§ 1104 by causing the Plan to pay excessive investment management and administrative fees, and that the Plan’s 's fiduciaries should have made different investment option choices with regard to certain funds in the Plan’s 's investment lineup. Defendant has denied and continues to deny the claims and contentions of the Class Representatives, that it is liable at all to the Class, and that the Class or the Plan have suffered any harm or damage for which Defendant could or should be held responsible, as Defendant contends that it acted prudently and in keeping with its fiduciary responsibilities under ERISA by monitoring, reviewing and evaluating the Plan’s 's investment options, by monitoring, reviewing and evaluating the administrative fees paid by the Plan, by eliminating or adding investment options when appropriate and by negotiating fees for administrative services for the Plan to ensure that the Plan paid reasonable fees for the services provided.