Judge Gives Preliminary OK To $12.5M Class Settlement In ERISA Funds, Fees Suit

Mealey's (November 7, 2022, 10:23 AM EST) -- PHILADELPHIA — Granting an unopposed motion for preliminary approval of a $12.5 million class action settlement in a dispute over retirement plan fees and funds including target date funds (TDFs) in Fidelity Management & Research’s Freedom “active” suite, a Pennsylvania federal judge ordered that language and deadlines in the notice be modified “consistent with our due process requirements.”...