Class Counsel Get $20.3M In Settlement Of ERISA Proprietary Funds Case

( March 11, 2024, 12:51 PM EDT) -- BOSTON — A Massachusetts federal judge on March 8 issued orders granting final approval to a $61 million deal with General Electric Co. (GE) and related defendants that the plaintiffs said is “the largest [Employee Retirement Income Security Act] class action settlement of claims involving proprietary funds”; the judge also awarded class counsel a third of that amount for attorney fees....

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