Plaintiff Seeks Nod For $5.8 Million ERISA Settlement With Princeton University

Mealey's (August 7, 2020, 9:24 AM EDT) -- TRENTON, N.J. — A participant in two Princeton University employee retirement plans on July 28 filed an unopposed motion in a federal court in New Jersey seeking preliminary approval of a $5.8 million settlement that includes "therapeutic" record-keeping and consulting reforms to resolve a putative class action alleging plan mismanagement in violation of the Employee Retirement Income Security Act (Elysee Nicolas, et al. v. The Trustees of Princeton University, No. 17-3695, D. N.J.)....