University Of Miami $1.85M Excessive Fee Settlement Gets Final OK In ERISA Suit

Mealey's (April 11, 2022, 10:32 AM EDT) -- MIAMI — A federal judge in Florida on April 7 granted final approval of a $1.85 million class action settlement in a lawsuit by participants in University of Miami’s defined contribution plan related to their claims of excessive fees; in a separate order the same day, the judge approved awards of $616,666.67 for attorney fees, $17,655.30 in litigation costs and $7,000 to each of the four named plaintiffs....

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