Columbia University Denied Summary Judgment In ERISA Retirement Plan Dispute

Mealey's (April 2, 2020, 10:34 AM EDT) -- NEW YORK — A New York federal judge on March 30 adopted a magistrate judge’s recommendation that trustees of Columbia University be denied summary judgment on allegations that they breached the fiduciary duty of prudence by incurring excessive administrative fees and by selecting and retaining underperforming investment options because genuine issues of fact exist on the claims (Chandra Cates, et al. v. Trustees of Columbia University in the City of New York, No. 16-6524, S.D. N.Y., 2020 U.S. Dist. LEXIS 55409)....

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