Vellali v. Yale University

  1. September 25, 2024

    2nd Circ. Eyes New Trial In Yale Retirement Fee Fight

    The Second Circuit appeared inclined Wednesday to revive a class action against Yale University from employees alleging their $5.5 billion retirement plan was mismanaged, as all three judges on the panel pointed out possible issues with jury instructions before a post-trial verdict in Yale's favor in 2023.

  2. August 09, 2024

    Home Depot's ERISA Win At 11th Circ. Deepens Circuit Split

    The Eleventh Circuit's recent ruling backing Home Depot's defeat of a suit from workers who showed their 401(k) plan was mismanaged, but couldn't tie those lapses to financial losses, adds to a growing circuit split that attorneys say warrants guidance from the U.S. Supreme Court.

  3. March 15, 2024

    Biz Groups Back Yale Win In 2nd Circ. ERISA Battle

    The U.S. Chamber of Commerce told the Second Circuit that Yale University employees are trying to set a "wildly impractical" standard in their request for a new jury trial after they were awarded zero damages in their suit accusing the school of saddling their retirement plan with high fees.

  4. March 08, 2024

    Yale Urges 2nd Circ. To Back Zero-Damages ERISA Jury Win

    Yale University told the Second Circuit there's no need to scrap a jury verdict denying damages for a group of employees who claimed their $5.5 billion retirement plan was burdened with high recordkeeping fees, arguing that no error was made on jury instructions to warrant a redo.

  5. January 01, 2024

    5 Employee Benefits Cases To Watch In 2024

    Employees will seek to revive their suit claiming Yale University mismanaged its $5.5 billion retirement plan, Republican attorneys general will try to sink Labor Department regulations on socially conscious investing, and a food services company will look to force a suit over a healthcare surcharge for nicotine users into arbitration. Here are five cases benefits attorneys should watch in 2024.

  6. December 08, 2023

    Yale Workers Ask 2nd Circ. To Order New Trial In ERISA Suit

    Yale University employees urged the Second Circuit to find that a new trial is needed in their lawsuit accusing the school of mismanaging their $5.5 billion retirement plan, saying faulty jury instructions placed the bar too high and resulted in no monetary damages for the class.