June 05, 2019
A class of Duke University workers has asked a North Carolina federal judge to give the final stamp of approval to a $10.65 million settlement ending two Employee Retirement Income Security Act suits accusing the university of mismanaging its multibillion-dollar employee retirement plan.
February 07, 2019
A $10.65 million settlement ending two Employee Retirement Income Security Act suits against Duke University cleared its first hurdle on Thursday when it was greenlighted by a North Carolina federal judge, who earlier refused to approve the deal and asked for more information.
January 30, 2019
A North Carolina federal judge urged Duke University and its workers on Tuesday to explain why a $10.65 million settlement would bring a fair end to class claims that the university diverted fees from its retirement plan to certain employees' paychecks while allowing the plan to charge excessive administrative fees and make unwise investments.
January 17, 2019
A class of participants in a Duke University retirement plan asked a North Carolina federal judge to greenlight a $10.65 million settlement resolving Employee Retirement Income Security Act claims against the school, telling the court that the agreement provides significant relief beyond money.
November 30, 2018
Duke University has reached a deal to close the book on an Employee Retirement Income Security Act class action brought by workers who accused the elite school of allowing its retirement plan to pay excessive fees and retain unwise investments.
October 11, 2018
The North Carolina federal judge overseeing an Employee Retirement Income Security Act class action against Duke University on Wednesday said she will keep her eye on a similar case against Johns Hopkins University, rejecting the class's argument that the other case isn't relevant.
September 19, 2018
Workers suing Duke University gave a North Carolina federal judge a "road map" of their class claims that the school mismanaged their retirement savings and refused to correct an unreasonable record-keeping arrangement until it was sued, telling the judge Tuesday that Duke is reworking the plan for 2019.
May 29, 2018
Northwestern University's recent win in an Employee Retirement Income Security Act suit accusing the school of mismanaging workers' retirement savings supports Duke University's argument that a class of employees pursuing a similar suit against it shouldn't be allowed to amend their allegations, Duke told a North Carolina federal judge Tuesday.
April 13, 2018
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.
August 11, 2016
Duke University, the University of Pennsylvania, Johns Hopkins University and Vanderbilt University on Wednesday were each hit with proposed class actions accusing the schools of causing retirement plan participants to pay millions of dollars in excessive fees, just one day after three other prominent schools were similarly sued.