Judge OKs $16.5M Class Settlement In ERISA Row Over ESOP; Attorneys Get A Third

Mealey's (October 6, 2022, 1:26 PM EDT) -- CHICAGO — Two hundred and seven class members in an Employee Retirement Income Security Act case over an employee stock ownership plan (ESOP) will receive distributions averaging about $48,000 under a $16.5 million class settlement that an Illinois federal judge granted final approval, with class counsel getting $5.5 million in attorney fees and $954,069.47 in costs and expenses....