Plaintiffs In 401(k) Class Action Seek Approval Of $40M Class Settlement

Mealey's (October 14, 2020, 11:22 AM EDT) -- ATLANTA — Plaintiffs who asserted breach of fiduciary duty class claims against their company and 401(k) plan investment manager filed an unopposed motion for preliminary approval on Oct. 12, seeking a Georgia federal’s court’s approval of an almost $40 million settlement between the parties (Ronda A. Pledger, et al. v. Reliance Trust Co., et al., No. 1:15-cv-04444, N.D. Ga.)....