Plaintiffs:  $267M Settlement Would Be ‘Largest Recovery’ In An ERISA Whipsaw Case

Mealey's (September 21, 2022, 12:47 PM EDT) -- NEW YORK — Seeking preliminary approval of a class action settlement in a long-running Employee Retirement Income Security Act dispute, the plaintiffs tell a New York federal court that the $267 million PricewaterhouseCoopers LLP (PwC) and its pension plan have agreed to pay “would represent the largest recovery ever achieved in an ERISA whipsaw case, whether through trial or settlement.”...