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

Tags: Eccleston, Eccleston Law, Eccleston Law LLC, James Eccleston

Return to Archive



If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, Eccleston Law Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it Eccleston Law.

Rick R.


October 20, 2021
5 First-of-Their-Kind SEC Enforcement Actions Announced

Securities and Exchange Commission (SEC) Enforcement Director Gurbir Grewal recently discussed notable first-of-their-kind enforcement actions that his division has pursued.

October 19, 2021
FINRA Targets SPACs in Most Recent Exam Sweep

The Financial Industry Regulatory Authority (FINRA) has begun an examination sweep of advisors’ involvement with special purpose acquisition companies (SPACs).

October 18, 2021
SEC’s Statement on Complex Exchange-Traded Products

The Securities and Exchange Commission (SEC) recently voted to approve a pair of rule changes proposed by Cboe BZX Exchange, Inc. to list and trade shares of new exchange traded-products: the 2x Long VIX Futures ETC and the -1x Short VIX Futures ETF.