Incentives Trimmed, Final Approval Given To $990,000 Settlement In ERISA Funds Row

Mealey's ( March 6, 2023, 10:43 AM EST) -- DETROIT — Reducing incentive awards for the three named plaintiffs from $10,000 to $7,500 apiece, a Michigan federal judge granted final approval to a class action settlement in an Employee Retirement Income Security Act suit challenging the selection and retention of certain funds in a retirement plan; the settlement involves a $990,000 payment and nonmonetary relief....