Judge Certifies Class In Imprudence Case Over BlackRock Index TDFs

(August 20, 2024, 10:09 AM EDT) -- RICHMOND, Va. — Certification of a modified class has been granted in an Employee Retirement Income Security Act case over BlackRock LifePath Index target date funds (TDFs), with a Virginia federal judge saying, “That a small portion of unnamed class members who invested in the BlackRock TDFs did not suffer losses in their individual accounts due to the timing of their investments or for other reasons does not create intra-class conflicts.”...