Yale University workers challenging their retirement plan fees shouldn’t have been allowed to present their claims to a jury, the school told the Second Circuit.
Yale wants the US Court of Appeals for the Second Circuit to affirm a 2023 jury verdict absolving it from liability for purported missteps in its plan management process. But if the appeals court disagrees and orders a new trial in the case, it should instruct that the trial be judge-only, Yale said in a brief filed Wednesday.
Hundreds of employers have been sued over their retirement plans in recent years, and many cases have ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.