Class Settlement, Separate Fee Award Approved In ERISA Statements Penalty Case

( November 18, 2024, 11:55 AM EST) -- TUSCALOOSA, Ala. — An Alabama federal judge approved a $253,700 class settlement and a separate award of $265,000 for attorney fees and costs in what the plaintiffs said “appears to be the first ever class-wide settlement for penalties related to a defendant’s failure to provide annual pension benefit statements to participants” under a provision of the Employee Retirement Income Security Act....