Counsel Gets 3rd Of $13M Fund In Settlement Of Suit Over UPenn Pension Plans

Mealey's (December 17, 2021, 12:39 PM EST) -- PHILADELPHIA — A federal judge in Pennsylvania on Dec. 14 granted final approval to an agreement under which The University of Pennsylvania will establish a $13 million settlement fund in exchange for the release of class action claims by participants in the university’s 403(b) defined contribution pension benefits plans; the judge also approved awards from the fund of $4,333,333 for attorney fees and $25,000 each to six class representatives....