BlackRock Agrees To $9.65M Class Settlement In Fiduciary Duty Case

Mealey's (March 30, 2021, 3:06 PM EDT) -- OAKLAND, Calif. — Participants in BlackRock Inc.’s 401(k) plan who sued in a federal court in California alleging that the plan’s investor improperly favored its own proprietary funds when selecting investment options moved March 23 for preliminary approval of a $9.65 million class settlement in the Employee Retirement Income Security Act lawsuit....