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Fidelity Sued Again For 401(k) Plan Mismanagement

FYI: Fidelity Investments Inc. has been sued by participants in its company 401(k) plan for alleged self-dealing that caused the firm to profit at the expense of its employees saving for retirement.

The lawsuit filed against Fidelity — Moitoso et al v. FMR LLC et al — is similar to a separate case filed against the firm about five years ago, which was settled for $12 million in 2014.
Regards,
Ted
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