U.S. High Court Denies USC’s Petition In Retirement Plan Excessive Fees Suit

Mealey's (February 19, 2019, 10:51 AM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court on Feb. 19 denied a petition for writ of certiorari filed by the University of Southern California (USC) seeking review of a denial of its motion to compel arbitration in a lawsuit claiming that it charged excessive fees for its 403(b) retirement plan, as well as other breaches of fiduciary duties (University of Southern California, et al. v. Allen L. Munro, et al., No. 18-703, U.S. Sup.)....