More ERISA Class Actions Filed Against Universities Alleging Plan Mishandling

(August 15, 2016, 2:10 PM EDT) -- A second wave of putative class action lawsuits accusing universities of mismanaging their employee retirement plans by charging excessive fees, using multiple record keepers to operate their plans and handle administrative services and offering too many high-cost and poorly performing investment options were filed Aug. 10 and 11 (David Clark, et al. v. Duke University, et al., No. 1:16-cv-01044, M.D. N.C.; Loren L. Cassell, et al. v. Vanderbilt University, et al., No. 3:16-cv-02086, M.D. Tenn.; Jennifer Sweda, et al. v. University of Pennsylvania, et al., No....
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