MIT, Retirement Plan Participants Announce Settlement Before Trial

(September 16, 2019, 8:30 AM EDT) -- BOSTON — Massachusetts Institute of Technology (MIT) and a class of participants in an MIT-sponsored retirement plan suing over alleged excessive fees and failure to monitor appointed fiduciaries filed a notice of settlement and joint motion to stay all pretrial and trial deadlines on Sept. 12 in the U.S. District Court for the District of Massachusetts just days before the trial was scheduled to start (David B. Tracey, et al. v. Massachusetts Institute of Technology, et al., No. 16-11620, D. Mass.)....