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University Of Chicago Settles Retirement Plan Lawsuit For $6.5m - Education News - Crain's Chicago Business
It's the first of about 20 prominent universities facing allegations over 403(b)-plan mismanagement to take such a step. : The University of Chicago has agreed to settle a retirement-plan lawsuit for $6.5 million, becoming the first of about 20 prominent universities facing allegations over 403(b)-plan mismanagement to take such a step. Plaintiffs filed the lawsuit, Daugherty et al v. the University of Chicago, in May 2017. They claimed the university caused its plan participants to pay excessive record-keeping and investment-management ... Full investment news article
Relevent to this post: Michigan State University Office of Investments
New York University Endowment,
Abstract Announces $16m Series B Funding
SAN FRANCISCO, CA, Abstract, the only design workflow system to provide true version-control for design files, has raised $16M in Series B funding. Full investment news article