$8.7M Settlement Gets Final Approval In ERISA Class Action Over ESOP Deal

Mealey's ( July 12, 2023, 7:07 AM EDT) -- PHILADELPHIA — A Pennsylvania federal judge has granted final approval to an $8.7 million settlement in an Employee Retirement Income Security Act suit concerning an Employee Stock Ownership Plan (ESOP) transaction that he said would result in average net payments of $9,300 to approximately 608 class members....

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