Columbia University Denied Summary Judgment In New York ERISA Case

Mealey's (October 29, 2019, 12:20 PM EDT) -- NEW YORK — Citing the presence of “myriad factual issues,” a New York federal judge on Oct. 25 recommended that trustees of Columbia University be denied summary judgment on allegations they breached the fiduciary duty of prudence by incurring excessive administrative fees and by selecting and retaining underperforming investment options (Chandra Cates, et al. v. Trustees of Columbia University in the City of New York, No. 16-6524, S.D. N.Y.)....