Preliminary Approval Of $14.5M Settlement Granted In Vanderbilt Retirement Dispute

(June 10, 2019, 11:46 PM EDT) -- NASHVILLE, Tenn. — A Tennessee federal judge on May 30 granted a motion for preliminary approval of a $14.5 million settlement of a plan participants’ lawsuit accusing Vanderbilt University, the oversight committee and members of the committee of mismanaging the employee retirement plan in violation of the Employee Income Retirement Security Act (Loren L. Cassell, et al. v. Vanderbilt University, et al., No. 16-2086, M.D. Tenn.)....