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Vellali et al v. Yale University et al

  1. March 15, 2024

    Biz Groups Back Yale Win In 2nd Circ. ERISA Battle

    The U.S. Chamber of Commerce told the Second Circuit that Yale University employees are trying to set a "wildly impractical" standard in their request for a new jury trial after they were awarded zero damages in their suit accusing the school of saddling their retirement plan with high fees.

  2. July 26, 2023

    Workers Turn To 2nd Circ. In ERISA Battle With Yale

    Yale University employees told a Connecticut federal court they will appeal a federal jury's finding that the school didn't owe a 20,000-member class any monetary damages for mismanaging its $5.5 billion retirement plan.

  3. June 28, 2023

    Yale Beats ERISA Class Action In Conn. Federal Court

    A Connecticut federal jury on Wednesday delivered an across-the-board win to Yale University in a dispute surrounding the administration of a $5.5 billion retirement plan, deciding that although the plaintiffs proved Yale breached some of its duties, those breaches did not result in any damages to the class.

  4. June 21, 2023

    Yale Says Class Failed To Show ERISA Violations At Trial

    Yale University asked a Connecticut federal court Wednesday to end a class action alleging that mismanagement of its employee retirement plan cost participants millions of dollars in savings, arguing a jury hasn't seen any evidence that could lead it to reasonably believe the school made unwise investment decisions.

  5. June 15, 2023

    Yale Pres. Defends Retirement Plan In ERISA Suit Testimony

    The president of Yale University testified in federal court Thursday that he took a deep interest in the success of the employee retirement plan when he sat on the committee tasked with overseeing it in 2012, and he disagreed with the idea that a major fund consistently underperformed for a decade prior to his service.

  6. June 14, 2023

    Yale President Can Offer Limited Testimony In ERISA Lawsuit

    A Connecticut federal judge paved the way Wednesday for Yale president Peter Salovey to provide limited testimony in a class action trial that alleges the university failed to address underperforming investments and high administrative fees in a $5.5 billion employee retirement fund.

  7. May 31, 2023

    Yale's Retirement Plan 'Stunted' By Bad Choices, Jury Told

    Yale University mismanaged and neglected its employee retirement fund for years, costing its participants millions of dollars through poor investments and needlessly high fees, an attorney for a class of 20,000 beneficiaries told a Hartford federal jury Wednesday.

  8. May 26, 2023

    Trial In ERISA Class Action Against Yale Set To Start Tuesday

    Jury selection in a lawsuit that accuses Yale University of mismanaging employees' retirement funds is set to begin on Tuesday, nearly seven years after beneficiaries filed a federal class action in the District of Connecticut claiming millions of dollars in overall losses.

  9. April 07, 2023

    Yale Loses Bid For 2nd Circ. Review Of ERISA Jury Trial

    A Connecticut federal judge denied Yale University's bid to hear the Second Circuit's opinion on whether the trial court was right to send to trial a class action alleging the institution saddled its $5.5 billion retirement plan with high fees, ruling an appeal would needlessly draw out the case.

  10. March 21, 2023

    Yale Wants 2nd Circ. To Nix Jury Trial In ERISA Case

    Yale University wants the Second Circuit to review a lower court's decision to send a class action accusing the school of saddling its $5.5 billion retirement plan with excessive fees to a jury trial, saying courts are split on whether a jury trial is appropriate.

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