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Home / News Stories / Directed trustee had no ?duty to second guess' (access required)

Directed trustee had no ?duty to second guess' (access required)

"Proper" doesn't mean "prudent," according to a federal judge's analysis of the fiduciary duty of a directed trustee to the participants in the 401(k) retirement plan for employees of US Airways Inc. US District Judge T.S. Ellis III reached that conclusion last month in dismissing a class-action suit against US Airways and Fidelity Management Trust Co., ...

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