Universities Targeted in Breach of Fiduciary Duty Lawsuit

Kohn, Swift & Graf, P.C. is currently investigating claims for a class action lawsuit against several notable universities across the United States, including but not limited to: Yale, Emory, Princeton, and NYU. Recent press highlights growing number of breach of fiduciary duty cases. Showing how fund participants are not willing to stand idly by and have their retirement be mismanaged in poor-performing funds while also being overcharged with administrative fees in the process.

Our investigation centers on an alleged offering of a poor selection of investment funds in the universities’ retirement options. Those who take part in the universities’ investment funds are subject to higher fees, under-performance benchmarks, over-paying for services, and are restricted in their investment options.

Potential ERISA Litigation

Does this ring true for you and your colleagues? Inefficiency and costly fund structures should not be your responsibility. Unreasonable fees for plan recordkeeping should not be your responsibility either. Join others in a potential breach of fiduciary duty lawsuit showing that you expect greater professional management and due diligence on behalf of the university. One reason why ERISA (Employee Retirement Income Security Act) was created in the first place.

Don’t hesitate. Reach out to our experienced class action attorneys today. The team of KSG are here for you—and here for one purpose: helping consumers get the justice they deserve.