Through Criticism, Defendants Win ERISA Proprietary Funds Row After Bench Trial

( June 30, 2025, 11:50 AM EDT) -- BOSTON — A Massachusetts federal judge who conducted a 10-day bench trial found in favor of defendants in the Employee Retirement Income Security Act suit challenging the selection and retention of proprietary funds, saying in part that the class “cannot tie any specific decision to the Committee’s process failures, with one exception” — and failed to show that the exception caused any loss....