$267M Class Settlement In ERISA Whipsaw Case Gets Preliminary Approval

Mealey's (November 3, 2022, 12:23 PM EDT) -- NEW YORK — A New York federal judge has granted preliminary approval to a class action settlement in an Employee Retirement Income Security Act dispute, of which the plaintiffs said the $267 million PricewaterhouseCoopers LLP (PwC) and its pension plan have agreed to pay “would represent the largest recovery ever achieved in an ERISA whipsaw case, whether through trial or settlement.”...