Illinois Participants, Boeing File Motion For Preliminary Approval Of Class Settlement

(November 9, 2015, 6:06 PM EST) -- EAST ST. LOUIS, Ill. — Boeing Co. and participants in its 401(k) plan on Nov. 5 moved in Illinois federal court for preliminary approval of a $57 million settlement, ending nine years of litigation related to excessive fee claims alleged under the Employee Retirement Income Security Act (Gary Spano, et al. v. The Boeing Company, et al., No. 06-743, S.D. Ill.).

(Joint motion for preliminary approval of class settlement. Document #54-151111-021M.)

Revenue-Sharing Payments

Participants in The Boeing Company Voluntary Investment Plan, a 401(k) plan, sued Boeing,...
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