March 17, 2023
Yale University on Friday lost its bid for a bench trial in a class action alleging its $5.5 billion retirement plan featured unnecessarily high fees, after a Connecticut federal judge ruled the plaintiffs are seeking money damages, which is a legal remedy that affords them a right to a jury trial.
November 01, 2022
Yale University told a Connecticut federal court that a class of workers alleging the school saddled its $5.5 billion retirement plan with poor investment options and high costs shouldn't present the suit to a jury, arguing a bench trial is more appropriate for the federal benefits case.
October 21, 2022
A Connecticut federal judge on Friday allowed workers to move ahead with their suit alleging Yale University's $5.5 billion retirement plan featured unnecessarily high costs and poor investment options, ruling a jury should decide whether the Ivy League university had dropped the ball when switching record-keepers.
February 03, 2021
Workers suing Yale University for saddling their retirement plan with high costs and poor investment choices said the Ivy League school dropped the ball by making a sole employee oversee its complex $5.5 billion plan.
December 07, 2020
Yale University is defending its retirement plan options against an employee suit in Connecticut federal court, saying it has shown it was "prudent" and "exemplary" in handling the plan.
September 28, 2020
A Connecticut federal judge ruled Monday that Yale University's employees can probe deeper into how the school's expert witness reached his conclusions in a class action over the school's retirement plan's management, but the university can't dig into the workers' experts' qualifications.
September 24, 2019
Yale University on Tuesday became the latest in a string of prestigious universities to have an ERISA suit challenging its retirement plan's fees and investments become a certified class action.
July 08, 2019
Yale University workers hoping to proceed as a class in their Employee Retirement Income Security Act suit alleging that their retirement savings were mismanaged have directed a Connecticut federal judge's attention to the Second Circuit's decision not to review class certifications in two similar cases.
April 22, 2019
Yale University's president can't dodge a request by employees to depose him in an Employee Retirement Income Security Act lawsuit over the school's alleged management of its retirement plan, a Connecticut federal magistrate judge has ruled.
March 13, 2019
A group of Yale University workers accusing the school of mismanaging their retirement savings continued their push for class certification Tuesday, telling a Connecticut federal court that Yale's arguments that they lacked standing and were inadequate class representatives had been repeatedly rejected by the courts.