Welcome
Benefits & Executive Compensation News

Duke Latest School Snared by Coordinated ERISA Lawsuits

Aug. 10, 2016, 4:33 PM

Schlichter Bogard & Denton’s coordinated attack on the retirement plans of prominent universities hit another school when the firm filed an ERISA class action against Duke University (Clark v. Duke Univ., M.D.N.C., No. 1:16-cv-01044, complaint filed 8/10/16).

The law firm, which has led the decade-long litigation effort against 401(k) plan fees, filed lawsuits on Aug. 9 against Yale University, New York University and Massachusetts Institute of Technology. On Aug. 10, the firm targeted Duke’s $4.7 billion retirement plan, which the firm says charged excessive fees and included too many investment options—allegedly more than 400—which drove up...

To read the full article log in. To learn more about a subscription click here.