Fiduciary liability "follow-on" claims

{
  "id": "MLC-T-INS-001495",
  "term": "Fiduciary liability \"follow-on\" claims",
  "field": "Insurance and risk management",
  "definition": "Lawsuits alleging a breach of fiduciary duty that arise as a direct consequence of an earlier event or regulatory action. These claims often follow an investigation or settlement related to a retirement plan's administration or investment performance. For example, a Department of Labor investigation into plan fees might lead to subsequent private litigation from plan participants.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/fiduciary-liability-follow-on-claims/"
}