AutoZone Axes Some Expert Testimony in 401(k) Fee Class Action

AutoZone Inc. convinced a federal judge to exclude some of the expert testimony offered by workers who say the company mismanaged their 401(k) plan by allowing Prudential Financial Inc.’s GoalMaker investment allocation service to steer money toward high-cost funds.

The judge agreed to consider much of the testimony offered by Wendy Dominguez, an investment advising firm president who issued a report concluding that AutoZone’s plan fees were excessive and that the company’s fiduciary processes were lacking. Dominguez can testify about GoalMaker’s fees and AutoZone’s alleged missteps, but she can’t offer legal conclusions about fiduciary breaches under the Employee Retirement Income ...