2nd Circuit Should Vacate, Remand Imprudent Investment Ruling, Plaintiffs Say

(November 21, 2019, 12:31 PM EST) -- NEW YORK — Plaintiffs who claim that New York University (NYU) made imprudent investments in a 403(b) employee benefit plan in violation of the Employee Retirement Income Security Act argue in a Nov. 19 appellant brief that the Second Circuit U.S. Court of Appeals should reverse a district court’s ruling that the allegations against NYU cannot stand because the lower court’s conclusions were based on flawed legal standards and erroneous findings (Dr. Alan Sacerdote, et al. v. New York University, No. 18-2707, 2nd Cir.)....

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