Panel: Immediate Appeal Of Class Certification Ruling In ERISA Case Not Warranted

Mealey's (March 18, 2019, 2:14 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals in a one-page order on March 13 denied a Columbia University trustees’ Federal Rule of Civil Procedure 23(f) petition for leave to appeal a lower court’s order granting class certification in a suit alleging that the university breached its duty of prudence to its retirement plan participants and beneficiaries by causing its retirement plans to incur excessive administrative fees and by failing to monitor the plans’ investment options (The Trustees of Columbia University in the City of New York, et al. v. Chandra Cates, et al., No. 18-3559, 2nd Cir.)....