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Columbia Workers Defend Litigation Tactic in Retirement Plan Row

March 18, 2019, 4:44 PM

Columbia University workers defended their lawsuit seeking hundreds of millions of dollars in alleged retirement plan losses after the school accused them of “sandbagging.”

The employees “unequivocally” put Columbia on notice that they sought damages tied to the underperforming investment funds in the school’s retirement plans, the employees said in a March 15 court filing. The expert reports they filed in October 2018—which challenged 20 additional investment funds but reduced the total damages sought—were appropriate and didn’t represent a breach of the employees’ disclosure obligations, they argued.

The workers are responding to a March 1 court filing in which Columbia ...