USC Retirement Plan Participants Certified In ERISA Class Suit

Mealey's (January 6, 2020, 8:29 AM EST) -- LOS ANGELES — A class of more than 30,000 participants in and beneficiaries of the University of Southern California’s (USC) two retirement plans were certified Dec. 20 by a federal judge in California in a lawsuit alleging failure to properly oversee and screen investments offered by the plans and excessive administrative expenses (Allen L. Munro, et al. v. University of Southern California, et al., No. 16-6191, C.D. Calif.)....