Legal Opinion
Barchock v. CVS Health Corporation
Court of Appeals for the First Circuit
Decided March 23, 2018No. 17-1515PPublishedCited by 58 opinions
1Opinion of the Court
BARRON, Circuit Judge.
*44 The plaintiffs allege violations of the fiduciary duty of prudence under the Employee Retirement Income Security Act of 1974 ("ERISA"), 29 U.S.C. §§ 1001 - 1461, by the fiduciaries of an employer-sponsored retirement plan. Specifically, the plaintiffs contend that a particular investment fund offered through the plan was invested too heavily in cash or cash-equivalents for the years at issue and thus that the plan was imprudently managed and monitored. The District Court dismissed the complaint for failure to state a claim under ERISA. We affirm.
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To understand the sole…
2Cases cited15 opinions
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