$61M Settlement In ERISA Proprietary Funds Case Gets Preliminary OK

(October 20, 2023, 11:17 AM EDT) -- BOSTON — Preliminary approval has been granted to a $61 million class settlement with General Electric Co. (GE) and related defendants that plaintiffs said would be “the largest ever in an [Employee Retirement Income Security Act] case alleging that a retirement plan improperly offered proprietary funds,” the Massachusetts federal case docket shows....