Schlichter Bogard & Denton’s Suit on Behalf of Yale Retirement Plan Participants Advances

On March 30, Judge Alvin W. Thompson of the U.S. District Court for the District of Connecticut ordered that Schlichter Bogard & Denton’s suit on behalf of Yale University retirement plan participants should proceed. Plaintiffs, who are current and former employees at Yale and participants in a Yale University retirement plan, allege that the university breached its fiduciary duties under ERISA by, among other things, failing to monitor the plan’s excessive fees and by providing high-cost, poor performing investment options. 

In its ruling, the Court stated that Plaintiffs had sufficiently set forth fiduciary breach claims and that Plaintiffs should be allowed to pursue those claims in discovery. 

The case is captioned Vellali et al. v. Yale Univ. et al., D. Conn., No. 3:16-cv-01345-AWT. News coverage related to Judge Thompson’s ruling in favor of Schlichter Bogard & Denton can be found here.

For additional information about Schlichter Bogard & Denton’s ERISA and Financial Abuse practice, please contact Schlichter Bogard & Denton at 1-800-873-5297 or sbd@uselaws.com.