May 20, 2014
On May 20, 2014, the Honorable Patti B. Saris, Chief Judge of the United States District Court for the District of Massachusetts denied Defendant's Motion for Summary Judgment in Golden Star, Inc. v. Mass Mutual Life Insurance Co., Civil Action No. NO: 3:11-CV-30235-PBS (D.Mass.). In so holding, the Court specifically found that MassMutual was a fiduciary with respect to so-called revenue sharing payments because it retained the discretion to set its own compensation and treated revenue sharing payments as a form of compensation.
SFMS serves as lead counsel in the MassMutual ERISA Litigation on behalf of a proposed class of approximately 3,500 401(k) retirement plans in the United States. If you have any questions or require any additional information, please contact James E. Miller or Laurie Rubinow toll-free at (866) 540-5505.