September 22, 2020
Cornell University has agreed to wrap up a class action brought by workers who alleged they were saddled with high retirement plan fees and shoddy investment options, but an attorney for the workers vowed Tuesday to press the Second Circuit to revive the bulk of their case.
August 27, 2020
A New York federal judge has rescheduled a jury trial in an Employee Retirement Income Security Act class action against Cornell University that was temporarily derailed due to the COVID-19 pandemic, but the logistics of the late September trial are currently unclear, according to recent court documents.
May 22, 2020
Workers accusing Cornell University of saddling their retirement plans with unreasonable record-keeping fees will have to wait an "unknowable amount of time" before they can take their remaining claims to trial due to the coronavirus pandemic, a New York federal judge has ruled.
March 11, 2020
A New York federal judge on Wednesday refused to give Cornell University workers a new chance at claiming their retirement plans were saddled with unreasonable recordkeeping fees, ruling the workers didn't point to the kind of "new evidence" that would support another look.
January 15, 2020
Cornell University has asked a New York federal judge not to give its workers a second chance to pursue a challenge to the record-keeping fees paid by their retirement plans, saying the workers didn't have the "silver bullet" they needed to get that claim back on track.
September 20, 2019
The Massachusetts Institute of Technology's failed bid for an early exit from an Employee Retirement Income Security Act suit should not doom efforts by Cornell and Columbia to escape retirement plan mismanagement suits, the Ivy League schools told a New York federal court.
June 20, 2019
The Second Circuit won't review a lower court's decision to certify a class of roughly 28,000 current and former Cornell University workers in an ongoing Employee Retirement Income Security Act suit alleging the school mismanaged their retirement savings.
February 26, 2019
A class of current and former Cornell University workers has urged a New York federal judge not to give the school a quick win in an Employee Retirement Income Security Act suit accusing the Ivy League school of mismanaging workers' retirement savings.
January 28, 2019
Cornell University is seeking a win in an Employee Retirement Income Security Act class action alleging mismanagement of workers' retirement savings, telling a New York federal judge the class didn't back up claims that the school's plan charged excessive fees and made unwise investment choices.
January 23, 2019
A group of more than 28,000 current and former Cornell University workers won class certification in a suit accusing the Ivy League school of mismanaging workers' retirement savings in violation of the Employee Retirement Income Security Act.