August 22, 2019
The Third Circuit won't hold off on enforcing its decision to revive a potential Employee Retirement Income Security Act class action against the University of Pennsylvania while the school asks the U.S. Supreme Court to take up the case.
July 22, 2019
The University of Pennsylvania won't get a redo on the Third Circuit's decision to revive a proposed Employee Retirement Income Security Act class action accusing the school of letting its retirement plan overpay for services and offer expensive, poorly performing investment options.
July 08, 2019
University of Pennsylvania workers have asked the Third Circuit to stand by its decision to revive an Employee Retirement Income Security Act suit against the school, saying Penn hasn't backed up its "apocalyptic" claim that litigation like this threatens the existence of defined-contribution retirement plans like 401(k)s.
June 07, 2019
The U.S. Chamber of Commerce has urged the Third Circuit to revisit a panel decision reviving a proposed class action claiming the University of Pennsylvania's retirement plan wasted workers' savings by allowing steep administrative fees and shoddy investment options.
May 30, 2019
The University of Pennsylvania is hoping for another shot at sinking its workers' Employee Retirement Income Security Act lawsuit, asking the Third Circuit on Thursday to reverse a three-judge panel's decision to revive the proposed class action earlier this month.
May 03, 2019
The Third Circuit's ruling in a proposed Employee Retirement Income Security Act class action against the University of Pennsylvania set important precedent in two areas and will likely make it easier for workers to get these cases past motions to dismiss.
May 02, 2019
The Third Circuit breathed new life into a proposed Employee Retirement Income Security Act class action against the University of Pennsylvania on Thursday, reviving claims that the school's retirement plan squandered workers' savings on steep administrative fees and high-cost, low-return investment options.
October 02, 2018
A proposed class of University of Pennsylvania pension plan participants urged the Third Circuit to revive their Employee Retirement Income Security Act suit on Tuesday, arguing that they lost $26 million because of limited investment options with unnecessarily high fees.
May 04, 2018
A proposed class of members of the University of Pennsylvania's pension plan again urged the Third Circuit to revive their Employee Retirement Income Security Act suit, arguing Thursday that the school lost them $26 million by having unnecessarily high fees in nearly three-quarters of its investment options, among other things.
April 24, 2018
A proposed class of University of Pennsylvania employee retirement plan participants alleging the plan was mismanaged told the Third Circuit on Monday that several amicus briefs submitted by outside groups should not be accepted because they give the defendants an unfair word-count advantage.