Federal Judge Grants Final Approval Of Settlement In ERISA Class Action Suit

Mealey's (December 10, 2019, 8:54 AM EST) -- BOSTON — A Massachusetts federal judge on Dec. 5 approved a $6.8 million class action settlement in a suit alleging that a retirement plan was mismanaged after finding that the settlement is fair, reasonable and adequate to the class members (Melissa Velazquez, et al. v. Massachusetts Financial Services Co., d/b/a MFS Investment Management, et al., No. 17-11249, D. Mass.)....