Bloomberg Highlights Schlichter Bogard & Denton’s “Victory” on Behalf of Plan Participants in Retirement Plan Suit Against Emory University
On May 10, a U.S. district court largely denied Emory’s motion to dismiss excessive-fee claims brought by Schlichter Bogard & Denton on behalf of participants in Emory’s retirement plan. The court’s ruling follows several other similar rulings in recent cases brought by Schlichter Bogard & Denton, including against Anthem, Oracle, and Insperity.
A Bloomberg article describing the Emory court’s ruling called the decision a “victory for retirement plan participants at Emory.” The Bloomberg article quotes Schlichter Bogard & Denton’s founding and managing partner Jerry Schlichter as saying:
“We’re pleased that the decision agreed with our position, that this case should move forward. The decision means that we will be able to present the full amount of compensation we are seeking for the losses incurred by Emory University employees and retirees. University employees have the same right to build their retirement assets as employees of companies and this decision reinforces that.”