Final Approval Of $9M Settlement In 401(k) Excessive Fee Class Action Granted

Mealey's (October 12, 2020, 10:41 AM EDT) -- NEW YORK — A federal judge in New York on Oct. 7 granted final approval of a $9 million settlement of a class action lawsuit over allegedly excessive fees charged to participants in JPMorgan Chase Bank N.A.’s 401(k) plan and awarded almost $3 million in attorney fees to class counsel (Terre Beach, et al. v. JPMorgan Chase Bank, National Association, et al., No. 17-563, S.D. N.Y.)....