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A class action lawsuit brought by former employees of SeaWorld Parks & Entertainment Inc. that alleged participants in the retirement plan were harmed by the defendants’ imprudent conduct will proceed, following the ruling of a federal judge in California, Plansponsor reports. The plaintiffs’ arguments supported the fiduciary breach of the duty of prudence allegations, count one, and the second charge, a related count, for the breach of the duty to monitor plan investments and covered service providers, the court order stated.
1. Ford sues BCBS Association alleging price fixing that drove up costs
2. Benefytt Technologies files for bankruptcy after paying fraud settlements
3. More than 60% of retirees would like a do-over on retirement planning: Survey
4. UnitedHealth revises controversial prior authorization plan for colonoscopies
5. Cyber attack on dental insurance plan compromises nearly 9 million individuals
6. Retirees sue city officials over switch to Medicare Advantage plan