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Home > 2022 > June > Archives for 11th

Archives for June 11, 2022

Universal Health Loses Appeal to Undo 60,000-Person Class in Excessive Fee Case

June 11, 2022 | Jackson Lewis Filed Under: General (Class Actions)

Jackson Lewis

By Alicia M. Chiu

The Third Circuit Court of Appeals recently held that as the plan fiduciary of Universal’s defined contribution plan, Universal Health Services Inc. and its plan investment committee (collectively “Universal”) must face a class action claiming its retirement plan included imprudent investment options charging excessive fees

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