August 16, 2018
Attorneys for a class of University of Chicago workers asked an Illinois federal judge on Wednesday to sign off on a request for $1.95 million in attorneys' fees and grant final approval to a $6.5 million settlement that would lay to rest allegations the university mismanaged workers' retirement savings.
May 23, 2018
An Illinois federal judge approved a $6.5 million settlement on Wednesday to a putative class action alleging the University of Chicago mismanaged workers' retirement savings, making the university the first in a recent wave of elite schools sued under the Employee Retirement Income Security Act to settle.