Legal Opinion
Nelsen v. Principal Global Investors Trust Co.
District Court, S.D. Iowa
Decided January 24, 2019No. Case No. 4:18-CV-00115-SMR-SBJPublishedCited by 2 opinions
1Opinion of the Court
STEPHANIE M. ROSE, UNITED STATES DISTRICT JUDGE
Plaintiffs are employees who participate in 401(k) retirement plans (the "Retirement Plans") offered by their employers. The Retirement Plans contracted with Defendants to provide a series of collective investment trusts (the "Principal CITs") for the Plaintiffs to invest in for retirement purposes. Plaintiffs allege Defendants violated their fiduciary duties of loyalty and prudence to Plaintiffs by investing the assets of the Principal CITs in investment vehicles owned almost exclusively by Principal, which underperformed and contained higher…
2Cases cited25 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Braden v. Wal-Mart Stores, Inc.Court of Appeals for the Eighth Circuit · 2009
- Pegram v. HerdrichSupreme Court of the United States · 2000
- Hecker v. Deere & Co.Court of Appeals for the Seventh Circuit · 2009
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3Cited by2 opinions
- Davis v. Stadion Money Management, LLCDistrict Court, D. Nebraska · 2020
- Karg v. Transamerica CorporationDistrict Court, N.D. Iowa · 2019