New York Federal Judge Trims Claims Over Cornell Retirement Plans

Mealey's (October 9, 2017, 6:08 PM EDT) -- NEW YORK — A New York federal judge on Sept. 29 partially granted a motion to dismiss and narrowed the claims brought by participants and beneficiaries of Cornell University’s retirements plans accusing the university, the oversight committee and financial advisers of violating their fiduciary duties by including imprudent and expensive investment options (Casey Cunningham, et al. v. Cornell University, et al., No. 16-6525, S.D. N.Y., 2017 U.S. Dist. LEXIS 162420)....

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