Bloomberg Law
Oct. 28, 2019, 5:20 PM

Fidelity Says 401(k) Class Suit Likely to Confuse Advisory Jury

Jacklyn Wille
Jacklyn Wille

FMR LLC, the parent company of Fidelity Investments, asked a federal judge in Massachusetts to put limits on an upcoming trial over the company’s 401(k) plan, saying the advisory jury that’s been tapped to hear the case may become confused and prejudiced against the company.

Fidelity’s Oct. 25 motion comes two weeks after Judge William G. Young of the U.S. District Court for the District of Massachusetts took the unusual step of ordering an advisory jury to assist him in the class action over Fidelity’s 401(k) plan. Young said the plan participants weren’t entitled to trial by jury, but he ...