Judge Preliminarily Approves SunTrust’s $4.75M Settlement Of ERISA Class Action

Mealey's (March 14, 2018, 1:43 PM EDT) -- ATLANTA — A federal judge in Georgia on March 12 preliminarily approved a $4.75 million settlement to resolve a class action suit accusing SunTrust Banks Inc. of violating the Employee Retirement Income Security Act of 1974 when managing the plan, finding that the agreement was the result of arms-length negotiations (In re: SunTrust Banks Inc., ERISA Litigation, No. 08-cv-03384-RWS, N.D. Ga.)....