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Lawyer Behind 401(k) Fee Suits Takes Aim At Universities

Law360 (September 14, 2018, 8:22 PM EDT) -- It didn’t take long for Schlichter Bogard & Denton founder Jerry Schlichter’s wave of suits over allegedly excessive fees charged by 401(k) plans to permanently alter the legal landscape, yielding a $62 million settlement and a U.S. Supreme Court ruling. And if Schlichter gets his way, his suits against universities over their retirement plan management will have a similar impact.

Filed in August 2016, Schlichter’s suits hit 12 elite universities, from New York University to Yale University, with the same allegations he leveled at corporations in...
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