The fiduciaries involved in a lawsuit regarding BlackRock LifePath’s target-date funds were able to avoid legal consequences by arguing that they prioritized low fees and overlooked underperformance. This is a recurring pattern in lawsuits against BlackRock LifePath’s target-date funds, where fiduciaries defend their actions based on cost considerations and performance evaluations.
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https://www.napa-net.org/news-info/daily-news/cisco-again-fends-blackrock-tdf-suit
Cisco successfully defends against BlackRock TDF lawsuit once more, but…
