Yale President Can’t Escape Deposition in Retirement Plan Suit

Yale University president Peter Salovey must sit for a deposition in a proposed class action challenging how the school manages its $3.8 billion retirement plan.

Salovey was “directly involved” in the decisions made by the school’s retirement plan committee that are challenged by the lawsuit, Magistrate Judge Robert A. Richardson said April 19. The plan investors can depose Salovey, but they must do so at his office and are limited to two hours, Richardson said.

The school fought to block Salovey’s deposition on the grounds that he’s an “apex witness.” Depositions of top-level executives like Salovey—called “apex depositions"—can be ordered ...