ERISA Litigation Roundup: Columbia University Settlement: A Reminder of ERISA Litigation Risk Linke

ERISA Litigation Roundup: Columbia University Settlement: A Reminder of ERISA Litigation Risk LinkedIn

5/28/21
By: JD SUPRA

On May 21, 2021, the terms of the proposed class action settlement in Cates v. The Trustees of Columbia University in the City of New York, Case No. 1:16-cv-06524 (S.D.N.Y) were announced. The case, which was filed in 2016, involved allegations that plan fiduciaries breached their ERISA duties by causing the plan and participants to pay excessive fees to service providers and by selecting and retaining expensive and poor-performing investment options.

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