Judge Preliminarily Approves $23.6M Settlement Fund In Anthem ERISA Class Action

Mealey's (April 10, 2019, 10:10 AM EDT) -- INDIANAPOLIS — An Indiana federal judge on April 8 granted joint motions for preliminary approval of a $23.65 million class action settlement and to certify a class in a lawsuit filed by 401(k) plan participants who allege that the retirement plan breached its fiduciary duties under the Employee Retirement Income Security Act by providing plan participants with an imprudent investment fund and by charging plan participants excessive administrative fees (Mary Bell, et al. v. Pension Committee of ATH Holding Company LLC, et al., No. 15-02062, S.D. Ind.)....