DISCLAIMER: Any unofficial case summaries below are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
172397P.pdf 08/03/2018 John Meiners v. Wells Fargo & Company
U.S. Court of Appeals Case No: 17-2397
U.S. District Court for the District of Minnesota - Minneapolis
[PUBLISHED] [Grasz, Author, with Gruender and Erickson, Circuit Judges]
Civil case - ERISA. The district court did not err in concluding
plaintiff's complaint failed to state a plausible claim for breach of
fiduciary duty because it lacked sufficient factual matter, accepted as
true, to demonstrate that Wells Fargo's decision to use Wells Fargo Dow
Jones Target Date Funds as plan investment options was an imprudent
choice; specifically, plaintiff did not plead the Funds were
underperforming funds; plaintiff's conclusory allegations of bad conduct
do not save the complaint from its deficient pleading; there was no basis
for plaintiff's allegation that the district court failed to read the
complaint as a whole.