Princeton Can't Pare Down Claims In Retirement Plan Suit

Law360 (August 15, 2019, 6:09 PM EDT) -- A New Jersey federal judge said Thursday that she won’t rethink her decision to let a proposed class of current and former Princeton University workers challenge the prudence of keeping certain investment options in their retirement plans, rejecting the school’s argument that the claims were time-barred.

In her order, U.S. District Judge Anne E. Thompson denied the bid for reconsideration from the trustees of Princeton University in a proposed Employee Retirement Income Security Act class action accusing the school of wrongly keeping a CREF stock account and TIAA real estate account in its plans’ lineup, among other things.

The school had...

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