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8th Circ. Says ICA Won't Allow Retirement Plan's Fee Suit

By Jon Hill ( July 24, 2017, 9:54 PM EDT) -- An Eighth Circuit panel declined Monday to revive a lawsuit over allegedly excessive fees charged by Principal Management Corp. to mutual funds held in the portfolios of six "fund-of-funds" mutual funds, ruling that the Alabama corporate retirement plan behind the suit doesn't have a valid cause of action under the Investment Company Act of 1940....

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