Duke Settles 403(b) Lawsuit

Duke University (NC) and a group of employees and retirees that were suing it over complaints about its 403(b) retirement plan have reached a settlement worth $10.65 million. The plaintiffs filed suits in 2016 and 2018 in U.S. District Court in the Middle District of North Carolina alleging breach of fiduciary duty. Duke denied breaching its fiduciary duty.