Nov 13, 2020 9:24:25 AM
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Nov 13, 2020 9:24:25 AM
Plan Sponsor: Plan sponsors might think they can breathe a sigh of relief following a recent decision from U.S. District Judge Thomas Durkin for the Northern District of Illinois. The decision dismissed Abbott Laboratories from a lawsuit related to a cybersecurity theft from an employee’s retirement account, ruling that the plan participant failed to prove that Abbott itself is a fiduciary with regard to the alleged failures.
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