Duke University Employees Seek Jury Trial in an ERISA Plan Class-Action Lawsuit

Posted on April 30th, 2018 at 5:02 PM
Duke University Employees Seek Jury Trial in an ERISA Plan Class-Action Lawsuit

From the Desk of Jim Eccleston at Eccleston Law LLC:

Former and current employees of Duke University have filed a class-action lawsuit against the educational institution for allegedly mismanaging their $4.7 billion pension plan through excessive fees and bad investments.

After the class of more than 40,000 individuals was certified in court, the plaintiffs requested that the North Carolina federal judge allow the case to be heard by a jury. The plan participants asserted that their Employee Retirement Income Security Act (ERISA) suit contained legal claims, in addition to claims for equitable relief. More specifically, the class argued that their demand for compensatory was a legal claim because the money was sought from general, rather than specific assets of the university.

This particular class action against Duke University is one of many current class action lawsuits accusing higher education institutions of ERISA plan violations, including New York University, Johns Hopkins University, and Northwestern University.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

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