Federal Judge Denies Motion To Approve Settlement In ERISA Plan Funding Dispute

Mealey's (November 4, 2019, 4:53 PM EST) -- SAN FRANCISCO — A California federal judge on Oct. 28 denied a motion for preliminary approval of a settlement in a class action suit alleging that retirement plan defendants failed to comply with funding, reporting, disclosure and fiduciary requirements under the Employee Retirement Income Security Act after determining that the arrangement regarding the payment of attorney fees to the plaintiffs’ counsel renders the settlement unreasonable (Starla Rollins, et al. v. Dignity Health, et al., No. 13-1450, N.D. Calif.)....