Yale Says Plaintiffs Failed To Support Allegations In ERISA Retirement Plan Suit

Mealey's ( December 16, 2020, 9:56 AM EST) -- NEW HAVEN, Conn. — Summary judgment in favor of a Yale University retirement plan in a class action is warranted because the plaintiffs failed to support their allegations that Yale did not follow a prudent process under the Employee Retirement Income Security Act and forced the plaintiffs to pay excessive fees for record-keeping, administrative and investment services of the plan, Yale contends in a Dec. 4 motion for summary judgment filed in Connecticut federal court (Joseph Vellali, et al. v. Yale University, et al., No. 16-1345, D. Conn.)....