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Kathleen Jacobs Named CIO of RWJBarnabas Health | Chief Investment Officer

After stepping down in September from overseeing NYU’s endowment, the investment chief’s appointment to run the $8 billion system is effective in January 2024. ....

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N.J. Hospitals File Antitrust Lawsuit Against RWJ Barnabas Health

On Tuesday, several northern New Jersey Hospitals filed a complaint in the District of New Jersey against RWJ Barnabas Health, Inc. alleging violations of ....

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Barnabas Health settles ERISA complaint for $1.75 million

Barnabas Health Inc. will pay $1.75 million to settle a lawsuit alleging ERISA violations in its 401(k) and 403(b) plans. ....

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Court rules ERISA suit against Barnabas Health can proceed

Court rules ERISA suit against Barnabas Health can proceed
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A federal judge in Newark, N.J., rejected a request by Barnabas Health Inc. to dismiss an ERISA lawsuit against the company and its fiduciaries filed by two participants in two Barnabas retirement plans.
Barnabas Health asked U.S. District Judge Kevin McNulty to dismiss plaintiffs allegations, including:
Barnabas Health and fiduciaries violated ERISA s duty of prudence standard.
The defendants violated ERISA s duty of loyalty guidelines.
The defendants failed to monitor the plans administrative committee.
Mr. McNulty rejected all of the arguments on April 13 in the case of McGowan et al. vs. Barnabas Health Inc. et al. covering a 401(k) plan and a 403(b) plan. ....

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