Class Certified In Vanderbilt ERISA Lawsuit Over Fees, Prohibited Transactions

Mealey's (October 25, 2018, 2:05 PM EDT) -- NASHVILLE, Tenn. — A Tennessee federal judge on Oct. 23 certified a class of participants suing Vanderbilt University, the oversight committee and members of the committee for mismanaging the employee retirement plan and rejected the defendants’ contention that the plaintiffs could not fairly and adequately protect the interests of the class (Loren L. Cassell, et al. v. Vanderbilt University, et al., No. 16-2086, M.D. Tenn., 2018 U.S. Dist. LEXIS 181850)....