2nd Circ. Backs Goldman's Victory In 401(k) Self-Dealing Suit

By Kellie Mejdrich

The Second Circuit upheld Goldman Sachs' win in a class action from 29,000 employee 401(k) plan participants who said the banking giant violated federal benefits law by including underperforming proprietary investment funds in their investment roster, citing evidence Wednesday of a "robust process" to manage potential conflicts.

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