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Cornell Workers Get Jury Trial in Retirement Fee Case

Sept. 7, 2018, 6:19 PM

Cornell University workers will get a jury trial in a portion of their lawsuit challenging how the private college managed its retirement plans.

The ruling is the first in a university retirement fee case under the Employee Retirement Income Security Act to allow a jury trial, as opposed to a trial presided over by a judge, following a challenge to such a request.

A federal judge in New York Sept. 6 rejected the university’s request to strike the workers’ jury demand, saying they can present to a jury their claim to hold plan committee members personally liable for the losses...

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