Judge Preliminarily Approves $3.5M Settlement With Brown University In ERISA Dispute

Mealey's (May 2, 2019, 6:02 PM EDT) -- PROVIDENCE, R.I. — A Rhode Island federal judge on April 15 granted plaintiffs’ unopposed motion for preliminarily approval of a $3.5 million settlement in their class action alleging that Brown University breached its fiduciary duty in violation of the Employee Retirement Income Security Act in its management of its retirement plans (Diane G. Short, et al. v. Brown University, No. 17-318, D. R.I.)....