July 29, 2020
Princeton University's trustees have agreed to shell out $5.8 million and temporarily cap retirement plans' recordkeeping fees to resolve a proposed ERISA class action accusing the school of letting workers waste their savings on bad investments.
April 14, 2020
The Trustees of Princeton University have reached a settlement with a putative class of current and former university workers challenging the prudence of keeping certain investment options in their retirement plans, the workers' attorney told a New Jersey federal court Tuesday.
August 15, 2019
A New Jersey federal judge said Thursday that she won't rethink her decision to let a proposed class of current and former Princeton University workers challenge the prudence of keeping certain investment options in their retirement plans, rejecting the school's argument that the claims were time-barred.
June 11, 2019
The trustees of Princeton University have asked a New Jersey federal judge to reconsider her finding that claims that the school unwisely kept certain funds as investment options in its two retirement plans were not time-barred, saying she appeared to have misconstrued the evidence.