Cunningham v. Cornell University

1:16-CV-06525-PKC (S.D.N.Y) - In a significant case involving the Southern Tier's largest employer (and my alma mater), a federal judge ruled that Cornell University cannot escape a proposed class action challenging the administrative fees and investment options in their multibillion-dollar retirement plan.  On September 29th, the judge refused to dismiss key portions of the lawsuit against Cornell, including claims that the school was wrong to use multiple record keepers and to offer high-fee actively managed funds and certain underperforming investment options.  However, the judge did dismiss charges that Cornell should not have offered so many investment options and should not have agreed to a “lock-in” relationship with one of its record keepers (TIAA).  Stay tuned for further developments.

Michael Woodward

Michael is the founder and CEO of jumbleThink.  He is also the CEO of Woodward Design Group.  He and his team have built over 400 website for small businesses to large customer portals for Fortune  100 corporations.  He has also consulted with hundreds of businesses through the Small Business Development Council in Butte County,  Ca ( along with teaching courses on web design / development and marketing strategies.  His passion is to help individuals and businesses make their dreams attainable through creative thinking / idea formation and strategy.