Plan Participants Move For Preliminary Approval Of Settlement Of ERISA Suit

(August 17, 2018, 10:54 AM EDT) -- NEW YORK — Under the terms of a proposed class action settlement in an Employee Retirement Income Security Act suit filed against Deutsche Bank Americas Holding Corp. and others for alleged violations in overseeing a 401(k) plan, Deutsche Bank has agreed to pay a gross settlement amount of $21.9 million into a common fund for the benefit of settlement class members, according to the plaintiffs’ Aug. 14 motion for preliminary approval of the settlement (Ramon Moreno, et al. v. Deutsche Bank Americas Holding Corp., et al., No. 15-cv-09936-LGS, S.D. N.Y.)....