30Oct
Schlichter Bogard & Denton Reaches Preliminary $18.1 Million Settlement on Behalf of MIT Retirement Plan Participants
On October 28, 2019, a class of current and former Massachusetts Institute of Technology retirement plan participants represented by Schlichter Bogard & Denton filed a motion for preliminary approval of an $18.1 million settlement in an ERISA fiduciary breach case. Employees and retirees had alleged, among other things, that MIT’s retirement plan overcharged participants and offered poorly […]
27Oct
Vanderbilt Settlement Receives Final Approval
On October 22, 2019, Judge Waverly D. Crenshaw, Jr. of the U.S. District Court for the Middle District of Tennessee entered an order approving a $14.5 million settlement of a class action case brought by Schlichter Bogard & Denton on behalf of Vanderbilt University workers and retirees. The lawsuit alleged, among other things, that Vanderbilt’s […]
26Sep
Class of Yale University Workers Represented by Schlichter Bogard & Denton Certified
On September 24, 2019, the U.S. District Court for the District of Connecticut certified a class of Yale University retirement plan participants represented by Schlichter Bogard & Denton. The plaintiffs in the case allege that the defendants offered investment options that charged unreasonable fees and failed to control administrative expenses, among other claims. “This decision […]