$13M Settlement Reached In University Of Pennsylvania Pension Plan Fees Suit

Mealey's (January 19, 2021, 1:40 PM EST) -- PHILADELPHIA — Participants in a University of Pennsylvania employee pension benefit plan filed motion on Jan. 14 in a federal court in Pennsylvania seeking certification of a settlement class and preliminary approval of a $13 million settlement in a lawsuit accusing the fiduciary and investment committee of acting imprudently while administering a 403(b) defined contribution pension benefit plan....