In a noteworthy judgment, Yale University emerged victorious in a 403(b) lawsuit filed against them in August 2016. This lawsuit was instituted by Jerry Schlicter’s office, Schlichter Bogard LLP, a firm known for such legal challenges in the pension sphere.
The ruling is significant given the frequency of these types of cases in recent years, involving multiple other institutions. Yale’s victory provides a crucial precedent that might influence similar future cases.
For more details, please refer to the full account of the judgment on JD Supra written by Ary Rosenbaum from The Rosenbaum Law Firm P.C.