UPenn Workers Want Green Light For Huge ERISA Class
Law360 (September 16, 2020, 3:57 PM EDT) -- 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.
In their motion Tuesday, the workers told the court that the proposed class satisfied the requirements for certification outlined in Rule 23 of the Federal Rules of Civil Procedure. The workers are looking to represent anyone who participated in the three Penn retirement plans since August 2010 in their Employee Retirement Income Security...
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