On October 7, 2020, we filed a lawsuit on behalf of participants in the Motion Picture Industry Individual Account Plan, (the “Plan”). The lawsuit alleges that the Plan’s fiduciaries (the Defendants in the case) violated the Employee Retirement Income Security Act (ERISA) by failing to act prudently or in the interest of Plan participants and beneficiaries in managing the Plan’s investment options.
The lawsuit seeks to recover the Plan’s financial losses and other equitable relief. For a copy of the Complaint, click here.
This case is entitled Klawonn v. Board of Directors for the Motion Picture Industry Pension Plans, et al., Case No. 2:20-cv-09194-DMG-JEM (C.D. Cal.)
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