$7.5M Settlement Of ERISA Funds, Fees Suit Against University Gets Preliminary OK

Mealey's (April 19, 2022, 1:56 PM EDT) -- ST. LOUIS — A Missouri federal judge on April 18 granted preliminary certification of a non-opt-out settlement class and preliminary approval of a settlement in which Washington University in St. Louis agreed to pay $7.5 million and provide non-monetary relief to resolve a challenge to a 403(b) retirement plan’s fees and funds under the Employee Retirement Income Security Act....