Under Attack: ERISA Class-Action Lawyers Target Colleges and Universities

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Class-action lawyers have begun targeting retirement savings plans offered by a number of colleges and universities across the country. These lawsuits are founded in claims of ERISA breaches of fiduciary duty - alleging the plan fiduciaries’ supposed failure to choose “better and cheaper” investment options are in violation of ERISA. This Alert describes several basic things to understand in order to prepare for a class-action suit.

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