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Baker v. The University of Vermont Medical Center, Inc. et al
Case Number:
2:23-cv-00087
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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January 30, 2024
Most Claims In $1.76B Vt. Hospital 403(b) Suit Can Proceed
A Vermont federal judge on Tuesday declined to toss the bulk of a proposed class action federal benefits lawsuit from ex-workers for the University of Vermont Medical Center alleging their $1.76 billion retirement plan was saddled with underperforming funds and higher fees, but agreed to drop injunctive relief claims.
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May 10, 2023
Vt. Hospital Accused Of Mismanaging $1.76B Retirement Plan
The University of Vermont Medical Center stuffed its $1.76 billion retirement plan with underperforming funds and saddled participants with lofty fees that resulted in millions in losses, according to a proposed class action filed Wednesday.