Judge Trims Fee Request In ERISA Pension Transfer Row, OKs $5.5M Class Settlement

Mealey's (November 9, 2022, 12:31 PM EST) -- DETROIT — In an order granting final approval of a $5.5 million class settlement by Detroit Edison Co. (DTE) and related entities in a suit over calculation of pension benefits following transfer to a cash balance plan, a Michigan federal judge awarded $1,804,097.64 of that for attorney fees — about $29,000 less than class counsel had requested....