NYU retirement fund managers cleared in employees' ERISA suit

NYU employees, represented by Jerry Schlichter, claimed fund managers failed their fiduciary duties, but the judge disagreed.

brought by employees failed to uphold their fiduciary duties class action Schlichter Bogard & Denton suit Tibble v. Edison DLA Piper BenefitsPRO related reading: Top 10 ERISA class-action settlements in 2017 Plaintiffs use reputation risk in 401(k) lawsuits against money managers 5 high stakes 401(k) class action lawsuits

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