Supreme Court Set To Tackle Pleading Standard In Northwestern Retirement Plan Lawsuit | Groom Law Group, Chartered
On July 2, 2021, the Supreme Court agreed to hear Hughes v. Northwestern, which involves a challenge to investment fees and recordkeeping fees in two 403(b) plans maintained by Northwestern University. The district court dismissed the complaint for failure to adequately plead a breach of the fiduciary duty of prudence, and the Seventh Circuit affirmed the dismissal. The Supreme Court will now weigh in for the first time on the critical issue of what allegations are sufficient to state a...By: Groom Law Group, Chartered.
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