Revive Northwestern Retirement Plan Suit, Solicitor Tells SCOTUS

The U.S. Supreme Court should revive an ERISA lawsuit claiming Northwestern University mismanaged its retirement plans by offering expensive retail class investments and failing to rein in administrative fees, the acting U.S. solicitor general told the justices in a new brief.

Acting solicitor Elizabeth B. Prelogar on Tuesday advised the high court to review a decision by the U.S. Court of Appeals for the Seventh Circuit rejecting April Hughes’ proposed class action under the Employee Retirement Income Security Act. The Seventh Circuit’s reasoning conflicts with decisions by the Third and Eighth circuits, and the case presents frequently recurring questions that ...