A class action accusing Yale University of mismanaging its retirement plan is heading to trial after a Connecticut federal judge found lingering factual questions on the case’s core claims of high recordkeeping fees and poor investment monitoring.
A trial is needed to determine whether the Yale defendants breached their fiduciary duties under ERISA by not consolidating retirement plan recordkeepers sooner, by failing to obtain competitive bids for these services, and by using an asset-based pricing model for recordkeeping fees, Judge Alvin W. Thompson of said in a lengthy Oct. 21 summary judgment ruling.
The judge, who sits in the US ...
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BATAVIA, Ohio — A Clermont County middle schooler has been charged after making false statements about a firearm being brought onto school property, according to the Clermont County Sheriff's Offi...