Failure To Show Plan Loss Defeats Bulk Of Case Against Cornell

Mealey's (October 7, 2019, 7:56 AM EDT) -- NEW YORK — Allegations that Cornell University breached its duty of prudence by failing to monitor recordkeeping fees were rejected Sept. 27 by a New York federal judge; in the same ruling, however, the school was ordered to face claims that it acted imprudently when it retained TIAA-CREF Lifecycle target date funds (Casey Cunningham, et al. v. Cornell University, et al., No. 16-6525, S.D. N.Y., 2019 U.S. Dist. LEXIS 167868)....