Johns Hopkins’ $14M Class Settlement For Excessive Fees Granted Final Approval

Mealey's (January 13, 2020, 12:59 PM EST) -- BALTIMORE — A federal judge in Maryland on Jan. 8 granted final approval of a $14 million settlement to be paid by The Johns Hopkins University to end claims by participants and beneficiaries of the 403(b) plan that the university charged unreasonable fees and maintained high-cost and underperforming investment options (Margaret E. Kelly, et al. v. The Johns Hopkins University, No. 16-2835, D. Md.)....