Retirement investors accusing TIAA of pushing them from low-fee plans and into pricey alternatives asked federal judges to force top colleges including Harvard, Dartmouth, and the University of Chicago to produce information about their plans.
The investors this week asked federal judges in multiple states to force the schools—which aren’t parties to the underlying lawsuit against TIAA—to comply with subpoenas seeking information about their retirement plan management and their relationships with the company. This information is relevant to claims that TIAA schemed to sell unrelated and expensive products to employees of its retirement plan customers, with the plan sponsors doing …