Settlement With $990,000 Payment Gets Preliminary OK In ERISA Suit Over Funds

Mealey's (October 18, 2022, 9:27 AM EDT) -- DETROIT — Under a class action settlement that a Michigan federal judge granted preliminary approval, the remaining defendants in an Employee Retirement Income Security Act suit challenging the selection and retention of certain funds in a retirement plan will pay $990,000 and agree to certain nonmonetary requirements....

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