7th Circuit Affirms Dismissal Of ERISA Case Against Northwestern

Mealey's (March 27, 2020, 10:42 AM EDT) -- CHICAGO — Allegations that Northwestern University and others breached their fiduciary duty by offering a CREF Stock Account and allowing TIAA-CREF to serve as recordkeeper for various TIAA-CREF funds were properly dismissed by an Illinois federal judge, the Seventh Circuit U.S. Court of Appeals ruled March 25 (Laura L. Divane, et al. v. Northwestern University, et al., No. 18-2569, 7th Cir., 2020 U.S. App. LEXIS 9277)....