More than 20,000 current and former New York University employees are heading to trial in their lawsuit challenging the investment funds and fees associated with the school’s retirement plans.
A federal judge on Feb. 22 denied NYU’s request to resolve the lawsuit at the summary judgment stage, saying the remaining issues in the case involve factual questions that can’t be resolved without a trial. The case is scheduled to go to trial in April.
Since 2016, more than a dozen prominent universities have been hit with class actions over how they manage their retirement plans, and the case against NYU ...
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