$2.9M Class Settlement Gets Preliminary OK In ERISA Fees, Funds Case

Mealey's (May 23, 2023, 10:54 AM EDT) -- BOSTON — A Massachusetts federal judge has granted preliminary approval to a proposal in which a $2.9 million payment plus an agreement “to bolster the fiduciaries’ investment and service provider monitoring processes” would settle a putative class suit challenging fees and funds in jointly administered retirement plans....