Penn University Seeks Rehearing, Says Imprudence Allegations Not Plausible

Mealey's (June 3, 2019, 12:48 PM EDT) -- PHILADELPHIA — On May 30 the University of Pennsylvania urged the Third Circuit U.S. Court of Appeals to rehear, as an original panel or en banc, a dispute over whether it breached its fiduciary duty to participants in a 403(b) plan (Jennifer Sweda, et al. v. University of Pennsylvania, et al., No. 17-3244, 3rd Cir.)....