Judge OKs $79M Wells Fargo ERISA 'Top Hat' Settlement, Overruling Objectors

Mealey's (August 11, 2020, 8:59 AM EDT) -- COLUMBIA, S.C. — A federal judge in South Carolina on July 29 overruled several objectors by granting final approval to a $79 million class action settlement to resolve allegations that Wells Fargo & Co. violated the Employee Retirement Income Security Act by causing retirement plan participants to forfeit deferred compensation (Robert Berry, et al. v. Wells Fargo & Co., et al., No. 17-304, D. S.C.)....

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