Judge Grants Yale’s Motion To Dismiss Some Claims In Suit Alleging Plan Mishandling

Mealey's (April 4, 2018, 10:24 AM EDT) -- NEW HAVEN, Conn. — A Connecticut federal judge on March 30 granted in part and denied in part Yale University’s motion to dismiss claims in a putative class action alleging that the university, as sponsor of a defined contribution retirement plan, breached its duties of loyalty and prudence under the Employee Retirement Income Security Act by causing plan participants to pay millions of dollars in unreasonable and excessive administrative fees (Joseph Vellali, et al. v. Yale University, et al., No. 16-1345, D. Conn.)....