Settlement Involving $9.5M Fund Gets Preliminary OK In ERISA Proprietary CIT Spat

( July 10, 2023, 12:47 PM EDT) -- CHICAGO — A federal judge in Illinois has preliminarily approved a class settlement including a $9.5 million fund and nonmonetary relief in an Employee Retirement Income Security Act suit over proprietary collective investment trusts (CITs) and allegedly excessive investment management services expenses....