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Case Citations [1] (Fall 2024)

handle is hein.ali/relat1028 and id is 1 raw text is: THE AMERICAN LAW INSTITUTE Fall 2024 Citations TRUSTS CHAPTER 7. THE ADMINISTRATION OF THE TRUST TOPIC 2. DUTIES OF THE TRUSTEE § 174. Duty to Exercise Reasonable Care and Skill D.Conn.2023. Cit. in sup. Participants and beneficiaries in university's retirement account plan filed a proposed class action against, among others, university and committee responsible for overseeing the plan, alleging that defendants violated the Employment Retirement Income Security Act by breaching their fiduciary duties of prudence and loyalty, and seeking to hold defendants personally liable for losses to the plan resulting from defendants' breach. This court denied defendants' motion to strike plaintiffs' jury demand, holding that the relief sought by plaintiffs was legal in nature, which weighed in favor of the right to a jury trial. The court explained that, although claims for breach of fiduciary duty were historically within the jurisdiction of equity courts under Restatement First of Trusts § 174, when a legal claim was joined with an equitable claim, the right to jury trial on the legal claim, including all issues common to both claims, remained intact. Vellali v. Yale University, 662 F.Supp.3d 238, 241. COPYRIGHT (02024 By THE AMERICAN LAW INSTITUTE All rights reserved Printed in the United States of America For earlier citations, see the Appendices, Supplements, or Pocket Parts, if any, that correspond to the subject matter under examination.