Nonfiduciary ERISA Claim Against TIAA, Subsidiary Survives In Cross-Selling Case

(June 4, 2024, 1:52 PM EDT) -- NEW YORK — A retooled putative class Employee Retirement Income Security Act case over cross-selling of TIAA Portfolio Advisor accounts has survived dismissal, with a New York federal judge ruling that a claim for nonfiduciary receipt of ill-gotten profits is sufficiently stated against a third-party service provider for numerous retirement plans and its subsidiary....