Beneficiaries Ask Court To Approve $9M Settlement Of Prudential ERISA Suit

(November 1, 2018, 12:19 PM EDT) -- PHILADELPHIA — Beneficiaries who claim that Prudential Insurance Company of America violated its fiduciary duty under the Employee Retirement Income Security Act by failing to provide them with lump sum payments moved in Pennsylvania federal court on Oct. 29 seeking approval of a $9 million settlement with the insurer (Clark R. Huffman, et al. v. Prudential Insurance Company of America, No. 10cv5135, E.D. Pa.)....

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