$15M ERISA Class Settlement Over ‘Spin-Off’ Single Stock Losses Gets Final OK

Mealey's (August 22, 2022, 1:16 PM EDT) -- OKLAHOMA CITY — An Oklahoma federal judge on Aug. 18 granted unopposed motions for final approval of a $15 million settlement and various awards in an Employee Retirement Income Security Act stock-drop suit that class counsel said featured a “unique” theory and “is the first spin-off case” they are aware of “that has been successfully resolved.”...