Emory Becomes Eighth University to Settle Retirement Plan Suit

Emory University will settle a 45,000-person class action targeting the fees and investment options in its retirement plan, according to court papers filed in the Northern District of Georgia.

Details of the settlement aren’t yet public. The parties have until late May to file full settlement paperwork for court approval, Judge Charles A. Pannell Jr. said in an order docketed April 17.

The parties reached a deal after engaging in mediation with Hunter Hughes Alternative Dispute Resolution. Hughes is a familiar face in high-profile retirement plan litigation, brokering recent deals in cases involving Wells Fargo & Co. ($79 million); JPMorgan ...