Preliminary OK Sought For $500,000 Class Settlement In ERISA Record-Keeping Row

Mealey's (June 8, 2023, 6:58 AM EDT) -- SPRINGFIELD, Mass. — Seeking preliminary approval of a proposed $500,000 class settlement, plaintiffs told a Massachusetts federal court that it would represent 10.4% of the $4.8 million total estimated losses in their Employee Retirement Income Security Act suit over allegedly excessive record-keeping fees....