Bloomberg Law
May 22, 2020, 6:50 PM

Washington University Workers Get Retirement Plan Suit Revived

Julie Steinberg
Julie Steinberg

Washington University in St. Louis must face employees’ proposed class claims that it breached its fiduciary obligations by allowing its retirement plan to pay fees that were too high, the Eighth Circuit said Friday.

The fee-based challenge states a viable claim under the Employee Retirement Income Security Act, the U.S. Court of Appeals for the Eighth Circuit said.

At this early stage, the complaint only needed to give the district court enough to infer from the allegations that the process by which Washington University made decisions was flawed, the court said. “The first claim clears this pleading hurdle. It alleges ...

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