Judge Trims Prime Healthcare 401(k) Fee ERISA Suit
July 17, 2021
Law360 (July 16, 2021, 8:00 PM EDT) -- A federal judge kept most of a former employee's proposed federal benefits class action against Prime Healthcare Services Inc. alive on Friday, axing just one claim from the plan participants alleging the health care company knowingly breached the workers' trust.
In a minute order filed in California federal court, U.S. District Judge Josephine L. Staton declined to completely toss out former employee Maria D. Ornelas' Employee Retirement Income Security Act suit, which claimed the company let its workers invest their retirement savings in an expensive, poorly performing target-date fund.
The beneficiaries' claims centered around Prime Healthcare's decision to offer the Fidelity...
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