After Failed Certiorari Bid, Trustee Settles Prohibited Transaction Claims

Mealey's (April 6, 2020, 7:26 AM EDT) -- BOSTON — On the heels of a January denial of certiorari by the U.S. Supreme Court in a dispute between a 401(k) plan trustee and plan participants, the parties on March 25 announced that they have “reached an agreement in principle to settle this action on a class-wide basis” (John Brotherston et al., v. Putnam Investments LLC, et al., No. 15-13825, D. Mass.)....