Northwestern University: Claims Establish Plans Offered Wide Range Of Investments

Mealey's (April 2, 2019, 9:26 PM EDT) -- CHICAGO — Northwestern University Retirement Plan and the university argued to the Seventh Circuit U.S. Court of Appeals on March 14 that plan participants’ own allegations establish that its retirement and voluntary savings plans offered a wide range of investment options so “participants could select the options that best fit their own tolerance for risk and fee sensitivity,” refuting the plan participants’ appeal of a lower court’s dismissal of their breach of fiduciary duty lawsuit (Laura L. Divane, et al. v. Northwestern University, et al., No. 18-2569, 7th Cir.)....