Judge Trims Service Awards In Granting $12.5M Settlement Final OK In ERISA Dispute

Mealey's (April 4, 2023, 11:30 AM EDT) -- PHILADELPHIA — Granting final approval to a $12.5 million class action settlement and otherwise approving all other awards and fees as requested, a Pennsylvania federal judge roughly halved the case contribution awards in a lawsuit over retirement plan fees and funds including target date funds (TDFs) in Fidelity Management & Research’s Freedom “active” suite....

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