$5.5M Class Settlement Of ERISA Pension Transfer Dispute Gets Preliminary OK

Mealey's (July 8, 2022, 12:31 PM EDT) -- DETROIT — A federal judge in Michigan on July 5 granted conditional certification of a non-opt-out settlement class and preliminary approval of a $5.5 million settlement in a retired employee’s suit against Detroit Edison Co. (DTE) and related entities challenging the calculation of pension benefits following transfer to a cash balance plan....

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