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.

Subscribe

Sign up to receive our latest news via email

Practice Areas

Featured Industries

New & Emerging Industry Practice Areas

Other

View our Privacy Policy

Featured Media

Alerts

NYS Office of Renewable Energy Siting Proposes New Rules Implementing the Major Renewable Energy Development Program

Alerts

Strict New Criteria for Community Medicaid Program Takes Effect October 1

Alerts

FERC Formalizes Its Practice That States Have a Full Year to Act on Section 401 Certification Requests for Natural Gas Act Infrastructure Projects

Alerts

Have You Received an "Urgent Notice" About Your Trademark?

Alerts

COVID-19: Anticipated RESTAURANTS Act of 2020 Will Establish a $120 Billion Fund for Assistance

Alerts

Post-ARRA COBRA Litigation May Signal COBRA Lawsuits to Come

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