Heard Off the Street: Fidelity Investors Feel Shortchanged

January 24, 2014 – Media Mention
The Pittsburgh Post-Gazette

Herrick partner Jason D'Angelo was quoted in the Pittsburgh Post-Gazette article "Heard Off the Street: Fidelity investors feel shortchanged." The article analyzes recent class action lawsuits brought on behalf of Fidelity employees against Fidelity, alleging violations of fiduciary duties in connection with Fidelity's 401(k) plan. In the article, Jason explains that U.S. Labor Department regulations allow mutual funds and other financial services companies to offer their own products and services to their employees, and that the cases will likely hinge on whether Fidelity acted prudently in analyzing and selecting investment options, and whether the fees were reasonable.