$7.5M Would End ERISA Row Over Proprietary Trusts Under Global Proposal

(February 5, 2024, 11:14 AM EST) -- FLORENCE, S.C. — A South Carolina federal court that rejected a $4.5 million class settlement with one defendant has now been asked to approve a $7.5 million global deal, with all parties signing on to a Feb. 2 motion for preliminary settlement approval in the suit over a retirement plan’s use of proprietary collective investment trusts (CITs)....