Judge Grants Motion To Certify Class In Suit Against Yale Alleging Plan Mishandling

(October 7, 2019, 11:26 AM EDT) -- NEW HAVEN, Conn. — A Connecticut federal judge on Sept. 24 granted a motion for class certification in a putative class action alleging that Yale University, as sponsor of a defined contribution retirement plan, breached its duties of loyalty and prudence under the Employee Retirement Income Security Act by causing plan participants to pay millions of dollars in unreasonable and excessive administrative fees (Joseph Vellali, et al. v. Yale University, et al., No. 16-1345, D. Conn.)....