The plaintiffs alleged that the company violated its fiduciary duty by using its funds for the company's retirement plan. A judge disagreed, and AmCen CEO Jonathan Thomas said the ruling sets an important legal precedent for the entire fund management industry.
The plaintiffs alleged that the company violated its fiduciary duty by using its funds for the company's retirement plan. A judge disagreed, and AmCen CEO Jonathan Thomas said the ruling sets an important legal precedent for the entire fund management industry.