U.S. Files Amicus Brief Supporting Imprudence Argument In Northwestern Plan Suit

Mealey's (September 13, 2021, 10:05 AM EDT) -- WASHINGTON, D.C. — Participants in Northwestern University’s defined-contribution Employee Retirement Income Security Act plans have plausibly alleged imprudence by the university, Northwestern University Retirement Investment Committee and the committee members (collectively, Northwestern) causes them to pay excessive fees, the United States argues in an amicus curiae brief filed Sept. 10 in the U.S. Supreme Court....