Bloomberg Law
Jan. 12, 2018, 2:53 PM UTC

University of Chicago Retirement Plan Lawsuit Moves Forward

Jacklyn Wille

A lawsuit challenging how the University of Chicago runs its two large retirement plans got a boost when a federal judge reinstated claims involving a $2.1 billion plan covering about 13,000 university employees and former employees.

The university worker who challenged the school’s $2.1 billion plan sufficiently alleged that he paid excessive record-keeping and administrative fees, a federal judge ruled Jan. 10. In September, the school convinced the judge to dismiss all claims related to this plan—leaving in place only challenges to the school’s smaller $980 million plan—by arguing that none of the workers involved in the lawsuit received benefits ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.