Vanderbilt University Retirement Plan Excessive Fee Suit Granted Class Certification

On Tuesday October 23, a Tennessee federal judge granted class certification in an ERISA suit brought by Schlichter Bogard & Denton on behalf of participants in a 403(b) plan sponsored by Vanderbilt University.

In granting class certification, U.S. District Judge Waverly D. Crenshaw Jr. found the named plaintiffs to be adequate class representatives and appointed Schlichter Bogard & Denton as class counsel of a class of roughly 40,000 participants in the Vanderbilt University 403(b) Retirement Plan.

When interviewed, founding and managing partner Jerome Schlichter said he was “pleased” with the Court’s ruling.

News coverage related to this story can be found here.

For additional information about Schlichter Bogard & Denton’s Retirement practice, please contact us at 800-873-5297 or sbd@uselaws.com.