Judge Stays Duty Of Prudence 401(k) Case Pending High Court’s Decision In Hughes

Mealey's (September 27, 2021, 7:37 AM EDT) -- NEW YORK — A ruling in Hughes v. Northwestern University “will settle a key issue that has direct bearing” on a different fiduciary duty suit over a defined contribution retirement plan governed by the Employee Retirement Income Security Act, a federal judge in New York said on Sept. 7, granting a motion by defendants to stay all proceedings pending a decision by the U.S. Supreme Court....