Court Certifies Class of Duke University Retirement Plan Participants
On April 13, a North Carolina federal court granted Schlichter Bogard & Denton’s motion for class certification in its case brought on behalf of thousands of Duke University retirement plan participants for excessive fees and other fiduciary breaches. The Court determined that the named plaintiffs are appropriate class representatives, and that the case met the requirements for class certification.
The decision is the second certification decision in a suit brought by Schlichter Bogard & Denton on behalf of university retirement plan participants. In February, a New York federal court granted class certification in Schlichter Bogard & Denton’s suit brought on behalf of New York University retirement plan participants.
News coverage related to the decision can be found here. The case is captioned Clark v. Duke University, 16-cv-01044 (M.D.N.C.).