Skip to Main Content
Services Talent Knowledge
Site Search
Menu

News

May 30, 2018

Law360: When 403(b) Prudence Claims Survive Dismissal

Arthur Marrapese III, partner, had his article "When 403(b) Prudence Claims Survive Dismissal" published by Law360. The full article can be located below.

"In March of this year, the US District Court for the District of Connecticut in Vellali v. Yale University granted in part and denied in part a motion to dismiss a lawsuit against Yale's 403(b) plan fiduciaries. The Vellali complaint alleges that Yale's 403(b) plan sustained losses resulting from the mismanagement of the plan's investment and record-keeping functions.

The decision in Vellali follows similar rulings by Second Circuit district courts in connection with motions by 403(b) plan sponsors in substantially similar suits brought by the same class action law firm: Cunningham v. Cornell University,[1] Sacerdote v. New York University,[2] and Cates v. Columbia University.[3] District court Judge Kathleen Forrest authored the opinions in Sacerdote and Cates."

Read the full case analysis and legal projections here.

Subscribe

Click here to sign up for alerts, blog posts, and firm news.

Featured Media

Alerts

Height and Weight Now Protected Classes Under NYC Human Rights Law

Alerts

New York State Expands the Rights of Breastfeeding Employees in the Workplace: What Employers Need to Know

Alerts

US Supreme Court Shrinks Federal Authority Under the Clean Water Act

Alerts

Supreme Court Strikes Down Taxing Authorities' Right to Retain Surplus Monies in "Strict Foreclosures"

Alerts

Appellate Division, Third Department, Denies Appeal and Upholds Office of Renewable Energy Siting Regulations

Alerts

NYS Public Service Commission Formally Initiates Proceeding to Establish What Constitutes "Zero Emission" Under the CLCPA

This site uses cookies to give you the best experience possible on our site and in some cases direct advertisements to you based upon your use of our site.

By clicking [I agree], you are agreeing to our use of cookies. For information on what cookies we use and how to manage our use of cookies, please visit our Privacy Statement.

I AgreeOpt-Out