With some of the universities named in the lawsuits holding more than 400 fund options managed by five or more record keepers, universities will have a difficult time wading through details of each fund to determine if and how they could have noticed trends of investment underperformance. But with higher education at large struggling to maintain endowment gains, and …
Schlichter, Bogard & Denton, a leading national law firm based in St. Louis, today filed separate class action lawsuits against three universities on behalf of over 60,000 employees in their defined contribution retirement plans. The complaints, David B. Tracey, et al., v. Massachusetts Institute of Technology, et al. ; Dr. Alan Sacerdote, et al., v. New York …
New York University, Yale University and the Massachusetts Institute of Technology are facing lawsuits for allegedly making retirement-savings plan members pay exorbitant fees. NYU, Yale and MIT — each having retirement plans holding over $3 billion in assets — are being individually sued by employees looking to establish a class-action lawsuit. Two of the three …
It began with a lawsuit by the Mexican American Legal Defense and Educational Fund (MALDEF) in 1987. The Texas border area, including the area from Brownsville to Corpus Christi to San Antonio to El Paso, with 20 percent of Texas population, has improved from 11 percent of Texas higher education revenues in 1993 to 18 percent in 2013, and remains at 18 percent today. The area has …