Class Counsel Gets $700K In Fees For ERISA Mortality Table Dispute That Settled

Mealey's (May 12, 2022, 12:35 PM EDT) -- NEWPORT NEWS, Va. — A federal judge in Virginia on May 10 granted final approval of a $2.8 million class settlement over allegations that the use of a 50-year-old mortality table to calculate benefits for some retirees violated the Employee Retirement Income Security Act; the judge also awarded class counsel a quarter of the settlement — $700,000 — for attorney fees and $305,376.98 for expenses and costs and approved a contribution award of $10,000 for the named plaintiff....