Yale University workers challenging their retirement plan fees shouldn’t have been allowed to present their claims to a jury, the school told the Second Circuit.
Yale wants the US Court of Appeals for the Second Circuit to affirm a 2023 jury verdict absolving it from liability for purported missteps in its plan management process. But if the appeals court disagrees and orders a new trial in the case, it should instruct that the trial be judge-only, Yale said in a brief filed Wednesday.
Hundreds of employers have been sued over their retirement plans in recent years, and many cases have ...