Emory Inks $17 Million Class Settlement in Retirement Plan Suit

Emory University will pay $16.75 million to settle a 45,000-person class action targeting the fees and investment options in its retirement plan, the parties told a federal judge in Atlanta on Friday.

The proposed settlement is one of the largest announced to date in the litigation series challenging how prominent universities manage their retirement plans. Similar deals have been struck by Massachusetts Institute of Technology ($18.1 million), Vanderbilt University ($14.5 million), Johns Hopkins University ($14 million), Duke University ($10.65 million), the University of Chicago ($6.5 million), and Brown University ($3.5 million). A recent settlement involving Princeton University isn’t yet public. ...