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U.S. District Court for the Northern District of California

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Decided

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District court grants defendant’s motion to dismiss, holding that even if collective investment trusts are structurally opaque, allegations they charge higher fees are not plausible

July 17, 2026

Order

U.S. Chamber files amicus brief urging court to dismiss claims that the decision to offer collective investment trusts in an employer-sponsored retirement plan rather than mutual funds with the same investment approach breaches the duty of prudence

March 23, 2026

U.S. Chamber Amicus Brief

Jaime A. Santos of Goodwin Procter LLP served as outside counsel.

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