Citing Hughes, NYU Seeks High Court’s Review Of 2nd Circuit’s ERISA Prudence Ruling

Mealey's (November 23, 2021, 8:44 AM EST) -- WASHINGTON, D.C. — Arguing that the relevant share-class allegations are “nearly identical” to those in a case the U.S. Supreme Court has already agreed to review — Hughes v. Northwestern University — New York University (NYU) on Nov. 12 filed a certiorari petition regarding a Second Circuit U.S. Court of Appeals ruling that retirement plan participants stated a claim of imprudence against it under the Employee Retirement Income Security Act....