D.C. District Court Dismisses Proposed Class Action Against The George Washington University Alleging Mismanagement of Workers’ Retirement Savings

On Monday, July 15, 2019, the United States District Court for the District of Columbia dismissed a proposed class action lawsuit against The George Washington University. The suit was filed under the Employee Retirement Income Security Act. The Court held that Plaintiff Melissa Stanley lacked standing to sue because she explicitly gave up her right to sue as part of a 2016 settlement with the University. Stanley filed the instant lawsuit against the University in April 2018, alleging that the University, its board of trustees, and its plan administration committee breached their fiduciary duty by burdening Stanley’s [...]