Federal Judge Denies Reconsideration Of ERISA Fees, Record-Keeping Claims

Mealey's (March 13, 2020, 1:07 PM EDT) -- NEW YORK — A federal judge in New York on March 11 denied a motion by retirement plan participants and beneficiaries to partially reconsider a summary judgment ruling in favor of Cornell University and other Cornell-related defendants on claims that they breached their duty of prudence by failing to monitor record-keeping fees, finding that the alleged “new evidence” did not meet either requirement outlined in Tri-Star Pictures, Inc. v. Leisure Time Prods., B.V. (Casey Cunningham, et al. v. Cornell University, et al., No. 16-6525, S.D. N.Y.)....