Emory Univ. Employees Win Class Status in Retirement Fee Suit

Emory University employees can proceed as a class in their lawsuit accusing the institution of mismanaging their retirement savings by allegedly allowing excessive fees and imprudent investments.

The workers who filed the lawsuit have standing to represent a class of at least 45,000 individuals who also participated in Emory’s retirement plans, Judge Charles A. Pannell Jr. of the U.S. District Court for the Northern District of Georgia held Sept. 13.

The ruling is the latest among a string of lawsuits targeting prominent universities over how they managed their workers’ retirement savings.

Three universities have successfully defended such lawsuits: New York ...