Magistrate Denies Trustees’ Motion To Preclude Damages Claims In ERISA Dispute

Mealey's (April 5, 2019, 1:27 PM EDT) -- NEW YORK — A New York federal magistrate judge on April 1 denied Columbia University trustees’ motion to preclude certain damages claims in a lawsuit alleging that the university breached its duty of prudence to its retirement plan participants and beneficiaries by causing its retirement plans to incur excessive administrative fees and by failing to monitor the plans’ investment options (Chandra Cates, et al. v. The Trustees of Columbia University in the City of New York, et al., No. 16-06524, S.D. N.Y., 2019 U.S. Dist. LEXIS 55785)....