USC Settles Costly Lawsuit
USC will pay $13.05 million to settle a class-action lawsuit alleging the school mismanaged its retirement plans offered to faculty and staff, by billing participants with duplicated service costs and offering higher-cost, underperforming investment choices. The $13 million will be allocated and distributed to current participants of the retirement plans, authorized former participants and a beneficiary or alternate payee of such a person in the … Continue reading USC Settles Costly Lawsuit