Yale Workers Appeal Jury Verdict Loss in Retirement Plan Trial

Yale University employees will appeal a jury verdict declining to award them damages in their class action accusing the school of mismanaging its retirement plan.

The appeal notice, filed Tuesday in the US District Court for the District of Connecticut, comes one month after a jury ruled that Yale breached its duties under the Employee Retirement Income Security Act by allowing its retirement plan to pay unreasonable recordkeeping fees. But jurors declined to award damages, ruling that this failure caused no harm because the fiduciary of a well-managed retirement plan could have made the same decisions.

The jury rejected ...