Edelson Lechtzin LLP Defeats Motion to Dismiss in ERISA Class Action Against Fiduciaries of the University of Maryland Medical System Retirement Plans
“Plaintiffs have alleged facts to support an inference of imprudence, as they have alleged well-pled facts regarding performance of the chosen funds in comparison to the less-expensive funds, and superior performance of the less expensive choice. These facts, assumed true, support the inference that Defendants breached their fiduciary duty in selecting the higher-cost funds.”