Emory University must continue defending a lawsuit accusing its retirement plans of carrying high fees and offering poor investment options (Henderson v. Emory Univ., N.D. Ga., No. 1:16-cv-02920-CAP, 5/10/17).
The May 10 decision refusing to dismiss most claims against Emory is the first substantive ruling in the series of proposed class actions filed in August 2016 against the retirement plans of 12 prominent American universities including Yale, New York University and Duke. Each school is accused of including too many investment options in its retirement plan—Emory is said to have 111—and charging participants excessive fees for ...
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