Duke Univ. Class Certified As ERISA Plan Suits Advance

Law360 (April 13, 2018, 8:55 PM EDT) -- A suit accusing Duke University of mismanaging employees’ pension plans through high fees and bad investments has become the second in a recent wave of Employee Retirement Income Security Act litigation against elite schools to gain class action status, with certification coming just days before the first of these cases goes to trial.

U.S. District Judge Catherine C. Eagles certified the class of more than 40,000 current and former investors in Duke’s $4.7 billion pension plan in North Carolina federal court Friday, three days before another class of investors faces New York University during a five-day trial that will consider similar...

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