Preliminary Approval Of Almost $21M Settlement Granted In ERISA 401(k) Suit

Mealey's (April 16, 2020, 8:34 AM EDT) -- ROCHESTER, N.Y. — A New York federal magistrate judge on April 14 granted preliminary approval of an almost $21 million settlement in a class action suit alleging that an employer violated the Employee Retirement Income Security Act by engaging in self-dealing in its administration of a 401(k) retirement plan (In re M&T Bank Corporation ERISA Litigation, No. 16-375, W.D. N.Y.)....