Federal Judge Says Class Certification Will Be Granted In Retirement Plan Dispute

Mealey's (February 12, 2018, 10:32 AM EST) -- NEW YORK — Noting that the parties involved in a suit alleging that New York University (NYU) breached its duty of prudence under the Employee Retirement Income Security Act in its administration and management of its retirement plan may benefit from an early indication of class certification, a New York federal judge on Feb. 7 entered an order stating that the court intended to grant the plaintiffs’ order for class certification (Dr. Alan Sacerdote, et al. v. New York University, et al., No. 1:16-cv-6284, S.D. N.Y.)....