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SWEDA et al v. JACK HEUER, et al

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Case Number:

2:16-cv-04329

Court:

Pennsylvania Eastern

Nature of Suit:

Labor: E.R.I.S.A.

Multi Party Litigation:

Class Action

Judge:

GENE E.K. PRATTER

Firms

January 15, 2021
Penn Agrees To Shell Out $13M To End ERISA Suit

The University of Pennsylvania will pay $13 million to end a proposed class action accusing it of mismanaging its employee retirement plans, becoming the eighth elite university in recent years to settle claims that it violated the Employee Retirement Income Security Act.
December 02, 2020
UPenn Inks Deal To Settle Proposed ERISA Class Action

The University of Pennsylvania has inked a deal to settle a challenge to its retirement plans' fees and investments that almost made it up to the U.S. Supreme Court, according to documents filed in Pennsylvania federal court.
November 04, 2020
UPenn Fires Back At Ex-Workers' Class Cert. Bid In ERISA Suit

The University of Pennsylvania is fighting six ex-workers' bid to challenge its retirement plans' investments as a class in Pennsylvania federal court, classifying their attempt to speak on behalf of roughly 20,000 current and former employees in an ERISA suit as "too ambitious."
September 16, 2020
UPenn Workers Want Green Light For Huge ERISA Class

Former University of Pennsylvania workers have asked a Keystone State federal judge to certify a class of 20,000 people who allegedly lost money because the school let them sink their retirement savings into shoddy investments, saying courts have had no problem granting class certification in "nearly identical" cases.
September 09, 2020
Penn Fights Workers' Jury Bid In Retirement Plan Fee Suit

The University of Pennsylvania wants a proposed ERISA class action challenging its retirement plan's investments and fees to play out before a judge, not a jury, the school said in a recent bid to quash its workers' jury-trial request.
September 21, 2017
Judge Tosses U Of Pennsylvania Retirement Plan Suit

A Pennsylvania federal judge on Thursday dismissed every count in a sprawling proposed class action alleging that the University of Pennsylvania mismanaged its employees' retirement plan, saying that the funds Penn offered, the fees it paid and the contracts by which it paid them were all on the level.
August 11, 2016
List Of Universities Sued Over Retirement Plan Fees Grows

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.