Jerry Schlichter | Photo via Schlichter Bogard & Denton

Schlichter’s firm suffers loss in NYU retirement case

Jerry Schlichter, the St. Louis attorney whose firm has won millions of dollars in settlements with companies over their 401(k) plans, lost a suit alleging New York University’s retirement plan overcharged employees.

Schlichter and his firm, Schlichter Bogard & Denson, represented NYU employees in a case alleging the loss of $358 million due to failure by the university to uphold its fiduciary duties.

A judge ruled there was insufficient proof that the school’s retirement plan committee acted imprudently.

Schlichter, who has filed more than a dozen suits against universities alleging breach of duties under the Employee Retirement Income Security Act, said he planned to file an appeal in the NYU case.

Read more: St. Louis Business Journal

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