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Compass
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Bates & Company, Inc.
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AimPoint Pension
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Judge Dismisses Lawsuit Alleging Mismanaged Retirement Plans by Northwestern University
The Daily Northwestern May 30, 2018
"Judge Jorge Alonso dismissed all seven of the plaintiffs' counts and denied their recent motion to file a second-amended complaint.... Plaintiffs alleged they were financially harmed because the retirement and voluntary savings plans included excessive or imprudent fee options. They argued that the defendants' inclusion of these options prohibited the plaintiffs from being able to grow their retirement savings by investing in options that were prudent and had reasonable fees. Such options, the suit alleged, were not available and the defendants therefore did not satisfy their obligations as fiduciaries, or trustees."
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