Class Settlement Preliminarily Approved In Cornell Retirement Plan Dispute

Mealey's (October 12, 2020, 12:18 PM EDT) -- NEW YORK — A federal judge in New York in an order filed Oct. 7 granted preliminary approval to a class settlement that calls for Cornell University and the fiduciaries of two its retirement plans to reimburse plan participants $225,000 for breaching their duties of loyalty and prudence under the Employee Retirement Income Security Act (Casey Cunningham, et al. v. Cornell University, et al., No. 16-6525, S.D. N.Y.)....