In re: Prime Healthcare ERISA Litigation
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT
CENTRAL DISTRICT OF CALIFORNIA
10 In re: Prime Healthcare ERISA Litig. Case No. 8:20-cv-1529-JLS-JDE
FINDINGS OF FACT AND
CONCLUSIONS OF LAW
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28 The Court held a bench trial from April 9, 2024, through April 16, 2024. Having considered the testimony presented at trial, the exhibits admitted into evidence, and the parties’ post-trial submissions, the Court makes the following Findings of Fact and Conclusions of Law pursuant to Federal Rule of Civil Procedure 52. The Court concludes that Defendants used a prudent process to select, monitor, and retain investments; to monitor the Plan’s recordkeeping and administration fees; and to monitor the share classes of the investments in the Plan. Therefore, the Court rules against Plaintiffs2 and in favor of Defendants3 on all of Plaintiffs’ claims. I. FACTUAL BACKGROUND Prime owns and operates hospitals and clinics in fourteen states. (FPTC Order, Doc. 196 ¶ 6.) Prime sponsors the Prime Healthcare Services, Inc. 401(k) Plan (the 12 …