The Supreme Court decided not to review a 401(k) fee lawsuit against Deere and Fidelity that was dismissed by a U.S. District Court in 2007, and again rebuffed a U.S. Court of Appeals a year ago.
The suit, Hecker vs. Deere & Co., charged that Deere, Fidelity Management Trust and Fidelity Management & Research violated their fiduciary duties by charging unreasonable fees, accepting revenue-sharing fees from Fidelity and offering a lineup of mostly Fidelity proprietary funds.
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