$7.5M Deal Gets Final OK In ERISA Follow-Up Suit Over Proprietary Funds

( March 29, 2024, 8:43 AM EDT) -- SANTA ANA, Calif. — Reducing requested attorney fee and service awards slightly, a California federal judge granted final approval to a $7.5 million class settlement in a follow-up suit over a retirement plan whose fiduciaries allegedly maintained an all-proprietary fund lineup despite a 2018 settlement over similar Employee Retirement Income Security Act claims....