This week’s notable decision is Moitoso v. FMR LLC, No. CV 18-12122-WGY, __ F.Supp.3d __, 2019 WL 4980390 (D. Mass. Oct. 8, 2019), where the court concluded that any money award the ERISA plan participants might win against the alleged breaching fiduciaries would be an equitable surcharge–not legal damages–such that the Seventh Amendment does not require a jury trial in this case.  Even so, the court did grant Plaintiffs’ alternative request for an advisory jury.  The court’s conclusion is not extraordinary; indeed, most courts to have considered the right to a jury in a fiduciary breach case have concluded the same.  What’s interesting about this decision is the depth of the court’s analysis of the historical practice of jury trials and ERISA’s text in rejecting the participants’ arguments in favor of a jury trial for their claims.
Continue Reading Court Holds No Seventh Amendment Right to Jury Trial for ERISA Breach of Fiduciary Duty Claims