2nd Circuit Stays Appeal Pending Decision About Removal Of Fiduciaries

Mealey's (October 5, 2018, 2:22 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on Oct. 2 held in abeyance an appeal in an ERISA case pending a ruling on a motion filed by plaintiffs in New York federal court that seeks to amend a July 31 decision to clarify if two fiduciaries are unqualified for serving on committees for retirement plans for members of faculty, research staff and school administration at New York University as a result of making imprudent investments and if the statute allows for their removal (Dr. Alan Sacerdote, et al. v. New York University, No. 18-2707, 2nd Cir.)....

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