January 01, 2025
The U.S. Supreme Court will hear Cornell University workers' bid to revive a retirement plan lawsuit, the Ninth Circuit will weigh whether a nicotine surcharge dispute belongs in arbitration, and the Second Circuit will hear Yale University defend a win in a fight over retirement plan fees and investments. Here are five cases benefits lawyers should have on their radar in the new year.
September 25, 2024
The Second Circuit appeared inclined Wednesday to revive a class action against Yale University from employees alleging their $5.5 billion retirement plan was mismanaged, as all three judges on the panel pointed out possible issues with jury instructions before a post-trial verdict in Yale's favor in 2023.
August 09, 2024
The Eleventh Circuit's recent ruling backing Home Depot's defeat of a suit from workers who showed their 401(k) plan was mismanaged, but couldn't tie those lapses to financial losses, adds to a growing circuit split that attorneys say warrants guidance from the U.S. Supreme Court.
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.
March 08, 2024
Yale University told the Second Circuit there's no need to scrap a jury verdict denying damages for a group of employees who claimed their $5.5 billion retirement plan was burdened with high recordkeeping fees, arguing that no error was made on jury instructions to warrant a redo.
January 01, 2024
Employees will seek to revive their suit claiming Yale University mismanaged its $5.5 billion retirement plan, Republican attorneys general will try to sink Labor Department regulations on socially conscious investing, and a food services company will look to force a suit over a healthcare surcharge for nicotine users into arbitration. Here are five cases benefits attorneys should watch in 2024.
December 08, 2023
Yale University employees urged the Second Circuit to find that a new trial is needed in their lawsuit accusing the school of mismanaging their $5.5 billion retirement plan, saying faulty jury instructions placed the bar too high and resulted in no monetary damages for the class.