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Sacerdote et al v. New York University

  1. August 29, 2018

    NYU Fights 'Brazen' Bid To Expel 403(b) Plan Board Members

    New York University urged a federal court to spike its workers' "unsupported, brazen" attempt to knock two members off the school's retirement committee due to their alleged incompetence, claiming Tuesday the workers don't have grounds to ask a judge to order NYU to remove Margaret Meagher and Nancy Sanchez.

  2. August 15, 2018

    NYU Class Seeks To Oust Allegedly Inept 403(b) Plan Bosses

    A class of New York University employee retirement plan participants urged a federal judge to remove two members from the committee that oversees a pair of NYU retirement plans totaling $4.2 billion, saying Tuesday the court's factual findings "point to the unmistakable conclusion" that the duo cannot make educated decisions for the plan.

  3. July 31, 2018

    NYU Becomes Latest School To Beat ERISA Class Action

    New York University defeated an Employee Retirement Income Security Act class action on Tuesday when a federal judge rejected workers' claims that the school's two employee retirement plans were mismanaged to the tune of $358 million in losses.

  4. May 24, 2018

    Ruling In NYU ERISA Battle Likely To Come In July: Judge

    The judge overseeing an Employee Retirement Income Security Act class action accusing New York University of mismanaging workers' retirement savings has said she'll likely issue a decision in the closely-watched case in July. 

  5. May 16, 2018

    NYU Committee's Know-How Under Fire At ERISA Trial's End

    A federal judge on Wednesday grilled a DLA Piper partner during closing arguments in an Employee Retirement Income Security Act class action accusing New York University of mismanaging workers' retirement savings, repeatedly interrupting the attorney to question whether NYU's retirement committee members knew enough to oversee the school's two multibillion-dollar plans.

  6. May 14, 2018

    NYU, Workers Fire Last Arrows In $42M Retirement Plan Trial

    New York University told a federal judge Sunday that it handled workers' retirement savings carefully, while employees fired back that the school's lax oversight and lack of financial know-how cost their class $42.8 million in excessive plan fees over seven years.

  7. April 16, 2018

    NYU, Employees Square Off In $358M Retirement Plan Trial

    New York University and employees who accuse the school of mismanaging their retirement assets and costing them $358 million made their case to a federal judge in Manhattan on Monday, with the workers charging the school didn't put their interests first and NYU saying it managed their money prudently.

  8. April 06, 2018

    Prior To NYU ERISA Trial, Judge Allows Most Testimony

    In the lead-up to a trial in an employees' class action accusing New York University of improperly managing its retirement plan, a New York federal judge on Thursday said most of the disputed expert testimony that each side wanted to present had a rightful place before a jury.

  9. March 30, 2018

    NYU Seeks To Exclude Evidence From ERISA Trial

    New York University has sought to keep a class of employees from reasserting their rejected argument that the university's retirement plan contains unnecessary fees and too many investment options at trial next month in New York federal court.

  10. February 26, 2018

    NYU Loses Quick Win Bid In ERISA Plan Class Action

    A New York federal judge has refused to give New York University a quick win on the remaining claims in an Employee Retirement Income Security Act class action that claims the school breached a fiduciary duty to employees in its retirement plans.

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