$22M Settlement Gets Final OK In ERISA TDF, Share Class Case; Attorneys Get $7.26M

Mealey's (April 24, 2023, 7:07 AM EDT) -- BOSTON — A Massachusetts federal judge has granted final approval to a $22 million class action settlement in an Employee Retirement Income Security Act case over retention of allegedly underperforming target-date funds (TDFs) and use of certain share classes; he also awarded attorney fees of $7,264,021.77....