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Tracey et al v. Massachusetts Institute of Technology et al

  1. May 26, 2020

    Judge Makes Schlichter Bogard $5M Fee Offer It Won't Refuse

    Schlichter Bogard & Denton LLP and two other firms will receive nearly $5.25 million in fees after a federal judge during a hearing Tuesday offered the attorneys representing Massachusetts Institute of Technology workers in an $18 million ERISA settlement a choice: take the deal or pay for a special master.

  2. March 30, 2020

    MIT Workers' Attys Push For $6M Fees After $18M ERISA Deal

    A group of firms led by Schlichter Bogard & Denton LLP has renewed a $6 million fee bid previously rejected by a Boston federal judge, arguing the request is fair given the firms' work helping Massachusetts Institute of Technology workers and retirees reach an $18 million ERISA settlement.

  3. January 08, 2020

    Class Counsel Gets $4.5M OK'd In $18M ERISA Deal With MIT

    A Massachusetts federal judge told a group of firms led by Schlichter Bogard & Denton LLP serving as class counsel for Massachusetts Institute of Technology workers and retirees they would receive no more than $4.5 million instead of the $6 million requested from an $18 million ERISA settlement.

  4. October 29, 2019

    MIT Strikes $18M 401(k) Class Settlement With Workers

    A class of Massachusetts Institute of Technology employees asked a judge late Monday to bless an $18.1 million settlement and $6 million in attorney fees for Schlichter Bogard & Denton LLP and other firms who brought the suit claiming the university violated the Employee Retirement Income Security Act by allowing excessive 401(k) fees.

  5. September 12, 2019

    MIT To Settle ERISA Suit On Eve Of Trial

    The Massachusetts Institute of Technology and a class of employees have agreed in principle to settle a lawsuit alleging the university violated the Employee Retirement Income Security Act by mismanaging its 401(k) plan, according to a court filing Thursday.

  6. September 09, 2019

    MIT Epstein Letter Shows Pres. Should Testify, Workers Say

    A letter from MIT's president addressing donations the school received from the convicted sex offender Jeffrey Epstein demonstrates why he should testify in a trial challenging $23 million in donations MIT allegedly solicited from Fidelity using faculty members' retirement savings, a class of MIT workers said Monday.

  7. September 06, 2019

    MIT Workers Won't Call Fidelity CEO As Witness In ERISA Suit

    Massachusetts Institute of Technology workers who say the school violated the Employee Retirement Income Security Act by mismanaging their retirement plan have told a Massachusetts federal judge they won't call Fidelity's CEO as a trial witness. 

  8. September 05, 2019

    Most ERISA Claims In Suit Over MIT 401(k) Plan Head To Trial

    On the eve of trial, a Massachusetts federal judge refused to toss the bulk of an Employee Retirement Income Security Act class action accusing the Massachusetts Institute of Technology of costing its 401(k) plan millions of dollars, finding that the school and its workers offered "compelling and competing narratives" in the case.

  9. August 27, 2019

    MIT Workers Deny Harassing Fidelity CEO In 401(k) Plan Suit

    A class of MIT workers has urged a Massachusetts federal judge not to issue an order blocking them from calling on Fidelity's CEO as a trial witness in their retirement plan suit against the university, calling the executive's claim that they were trying to harass her illogical.

  10. August 20, 2019

    Fidelity CEO Says Call For Testimony In MIT Trial 'Harassment'

    The CEO of Fidelity has urged a Massachusetts federal judge not to let a group of MIT workers call her as a witness in their suit claiming the university wrongly placed Fidelity's interests above their own in managing their 401(k) plan, arguing the workers only made the request to harass her.

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