This week’s notable decision is Sacerdote v. Cammack Larhette Advisors, LLC, No. 18-1558, __F.3d__, 2019 WL 4777824 (2d Cir. Oct. 1, 2019), which is one of a series of cases involving university retirement plans and allegations of excessive administrative fees and imprudent investments.  The Second Circuit revived the lawsuit against Defendant Cammack Larhette Advisors, LLC (“Cammack”), an independent investment management company that New York University (“NYU”) hired to provide investment advice on its retirement plans.  In so doing, the Court took us back to our law school days with a lesson in civil procedure.  
Continue Reading Second Circuit Revives Excessive Fee Suit Against Investment Advisor