Judge Suspects Citigroup 401(k) Suit May Unnerve Fiduciaries

By Brian Steele ( December 3, 2024, 4:13 PM EST) -- Allowing discovery in a proposed class action over allegedly imprudent investments in Citigroup Inc.'s employee 401(k) plan may signal to fiduciaries that their decisions are subject to judicial second-guessing, a Hartford federal judge observed Tuesday amid oral argument on the company's motion to dismiss....

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