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American Century Wins 401(k) Lawsuit Over In-House Funds

TedTed
in The Bullpen
FYI: American Century Investments won a class-action lawsuit alleging the asset manager profited from its company 401(k) plan at the expense of employees by loading the retirement plan with in-house funds.

Judge Greg Kays of the U.S. District Court for the Western District of Missouri found in favor of American Century on all counts, saying plaintiffs failed to prove that American Century had breached its fiduciary duty to plan participants. The ruling, issued Jan. 23, followed an 11-day court trial in September.
Regards,
Ted
https://www.google.com/search?source=hp&ei=puxOXJ6aFpKRjwT7y4Ro&q=American+Century+Wins+401(k)+Lawsuit+Over+In-house+funds&btnK=Google+Search&oq=American+Century+Wins+401(k)+Lawsuit+Over+In-house+funds&gs_l=psy-ab.3...4518.4518..6071...0.0..0.133.199.1j1......0....2j1..gws-wiz.....0.8D69zabRgeU
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