$9.65M Class Settlement Gets Final OK In ERISA Fiduciary Duty Case

Mealey's (November 15, 2021, 3:29 PM EST) -- OAKLAND, Calif. — A federal judge in California on Nov. 3 granted final approval to an agreement by BlackRock Inc. and related fiduciaries of its 401(k) plan to pay $9.65 million to settle plan participants’ class claims that the plan’s investor improperly favored its own proprietary funds when selecting investment options....