March 15, 2024
The U.S. Chamber of Commerce told the Second Circuit that Yale University employees are trying to set a "wildly impractical" standard in their request for a new jury trial after they were awarded zero damages in their suit accusing the school of saddling their retirement plan with high fees.
July 26, 2023
Yale University employees told a Connecticut federal court they will appeal a federal jury's finding that the school didn't owe a 20,000-member class any monetary damages for mismanaging its $5.5 billion retirement plan.
June 28, 2023
A Connecticut federal jury on Wednesday delivered an across-the-board win to Yale University in a dispute surrounding the administration of a $5.5 billion retirement plan, deciding that although the plaintiffs proved Yale breached some of its duties, those breaches did not result in any damages to the class.
June 21, 2023
Yale University asked a Connecticut federal court Wednesday to end a class action alleging that mismanagement of its employee retirement plan cost participants millions of dollars in savings, arguing a jury hasn't seen any evidence that could lead it to reasonably believe the school made unwise investment decisions.
June 15, 2023
The president of Yale University testified in federal court Thursday that he took a deep interest in the success of the employee retirement plan when he sat on the committee tasked with overseeing it in 2012, and he disagreed with the idea that a major fund consistently underperformed for a decade prior to his service.
June 14, 2023
A Connecticut federal judge paved the way Wednesday for Yale president Peter Salovey to provide limited testimony in a class action trial that alleges the university failed to address underperforming investments and high administrative fees in a $5.5 billion employee retirement fund.
May 31, 2023
Yale University mismanaged and neglected its employee retirement fund for years, costing its participants millions of dollars through poor investments and needlessly high fees, an attorney for a class of 20,000 beneficiaries told a Hartford federal jury Wednesday.
May 26, 2023
Jury selection in a lawsuit that accuses Yale University of mismanaging employees' retirement funds is set to begin on Tuesday, nearly seven years after beneficiaries filed a federal class action in the District of Connecticut claiming millions of dollars in overall losses.
April 07, 2023
A Connecticut federal judge denied Yale University's bid to hear the Second Circuit's opinion on whether the trial court was right to send to trial a class action alleging the institution saddled its $5.5 billion retirement plan with high fees, ruling an appeal would needlessly draw out the case.
March 21, 2023
Yale University wants the Second Circuit to review a lower court's decision to send a class action accusing the school of saddling its $5.5 billion retirement plan with excessive fees to a jury trial, saying courts are split on whether a jury trial is appropriate.