Initial OK Sought For $124.6M Global Settlement In Sprawling ERISA Litigation

(July 17, 2023, 12:57 PM EDT) -- NEW YORK — Plaintiffs in two related Employee Retirement Income Security Act class actions on July 14 asked a New York federal court for preliminary approval of a $124,625,000 global settlement that would also resolve all of the numerous related proceedings and arbitrations, asserting that the amount is “in excess of realistically recoverable damages estimated by Plaintiffs and their experts.”...