These failures include outrageous costs which bear no resemblance to value provided, deeply embedded conflicts of interest, sustained underperformance of underlying investment vehicles, inadequate disclosure, inappropriate investment menus, defective plan design, insufficient participant education, and flawed default provisions.

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It was disturbed by press reports occasioned by the leak of a draft version of the GAO report to the effect that the B-2 is not stealthy, has a defective radar system, is plagued with design flaws and is failing a host of basic tests.

CENTERFORSECURITYPOLICY: Center For Security Policy

For example, licensors may be liable if they are found to have exerted substantial control over the manufacturer, or materially contributed to, facilitated, induced, or were directly responsible for the defective products by providing detailed specifications, manufacturing or design standards or otherwise.

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