Zoom Trial, Not Advisory Jury, Slated For Fidelity 401(k) Suit

A class action targeting Fidelity Investments’ 401(k) plan that was once slated to be heard by a rare advisory jury will now be tried over a Zoom videoconference, a federal judge in Boston said Monday.

The case’s few outstanding issues will tried through a Zoom hearing starting July 6, Judge William G. Young of the U.S. District Court for the District of Massachusetts said. The trial will center on whether Fidelity’s breaches of duty—established by Young in a lengthy opinion from March—caused the participants in its 401(k) plan to suffer any losses.

The lawsuit accuses Fidelity of filling its $17 ...