Class Counsel Get A Third Of $11.8M ERISA Settlement In Retirement Plan Case

(September 10, 2024, 10:44 AM EDT) -- BALTIMORE — A Maryland federal judge granted final approval to an $11.8 million class settlement that the named plaintiff who challenged management of a Maryland health system 403(b) retirement plan under the Employee Retirement Income Security Act said “provides for average relief of $481 to Class Members,” also overruling the lone objection to awarding $3,933,333.33 for attorney fees....

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