I knew a comedienne who was Sued by her sister-in-law for telling jokes about her, the mother-in-law joined in on the case. Made the front page of the New York Post. One of my family members lamented that despite the case being thrown out of court on first amendment grounds in New Jersey Federal court, it might have succeeded in New York. I said the case only had a chance on Mars.
When dealing in the retirement plan space, you will find plan providers who have no understand the laws and regulations regarding the space. They may not understand fundamental concepts such fiduciary duty or reasonable plan expenses or exclusive benefit of participants. While most plan providers get it, there are just so many out there that don’t get it. They act in the theater of the absurd, where anything goes and participants just lose out.
