Judge Preliminarily Approves Johns Hopkins’ $14M Excessive Fees Class Settlement

Mealey's (August 28, 2019, 8:32 AM EDT) -- BALTIMORE — A Maryland federal judge on Aug. 16 granted preliminary approval of a $14 million settlement to be paid by The Johns Hopkins University to end claims by participants and beneficiaries of The Johns Hopkins University’s 403(b) Plan that the university charged unreasonable fees and maintained high-cost and underperforming investment options (Margaret E. Kelly, et al. v. The Johns Hopkins University, No. 16-2835, D. Md.)....