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Brenntag Settles Excessive Fee Lawsuit


Brenntag Settles Excessive Fee Lawsuit
The agreement is solely monetary and doesn’t include provisions to remedy the alleged breaches of the defendants.
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Brenntag North America has agreed to pay $2.3 million to settle a lawsuit alleging the company and other fiduciaries of the Brenntag USA Profit Sharing Plan failed to take measures to ensure reasonable investment and recordkeeping fees.
The lawsuit accused Brenntag, as the sponsor of a large plan, of failing to use its bargaining power to reduce plan expenses and also failing to scrutinize each investment option to make sure it was prudent. The plaintiffs said the defendants failed to use the lowest cost share class available for many of the mutual funds within the plan and failed to consider collective trusts, commingled accounts or separate accounts (at least for the majority of the class period) as alternatives to the mutual funds in the plan, despite their lower fees. ....

Brenntag North America , Brenntag United States Profit Sharing Plan , ப்ரெண்டாக் வடக்கு அமெரிக்கா , ப்ரெண்டாக் ஒன்றுபட்டது மாநிலங்களில் ப்ராஃபிட் பகிர்வு திட்டம் ,

Global Rubber Chemicals Market will grow to US$ 6601.94 Mn by 2028 at CAGR of 4.3% over the forecast period


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PUNE, India, Dec. 15, 2020 /PRNewswire/
Global rubber chemicals market was valued at US$ 4539.62 million in 2019 and is expected to reach US$ 6601.94 million by 2028
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Rubber chemicals has numerous applications during tyre manufacturing, significant number of vehicles is driving the demand for rubber chemicals in the market. Rubber chemicals aids providing grip and increase performance of the automotive tyres.
Significant increase in the number of vehicles especially in countries like China, India and other countries in Asia Pacific region is increasing the demand for rubber chemicals in this market. In the global vehicle manufacturing and production United States stands second thus demand for rubber chemicals is rapidly increasing in this region. Due to growing automotive sector the country is witnessing surge in the demand for rubber chemicals. ....

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