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Columbia U Is Settling Claims of Unreasonable Expenses To Administer Its Pension Funds

By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - ESPN

SDNY COURTHOUSE, June 29 – Columbia University was sued, in a class action, for allowing unreasonable expenses in the administration of its pension plans.   

 On June 29, U.S. District Court for the Southern District of New York Judge George B. Daniels held a proceeding. Inner City Press covered it. 

 The class action is on the way to being settled. Judge Daniels granted preliminary approval of the settlement, discussed the proposed notices to be sent out, and set a fairness hearing for October 12 at 10:30 am.

The case is Cates et al v. The Trustees of Columbia University in the City of New York et al., 16-cv-6524 (Daniels)

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