$6.75M Class Settlement Of ERISA Suit Over Active TDFs Wins Final Approval

Mealey's (December 22, 2023, 8:52 AM EST) -- SAN JOSE, Calif. — A California federal judge reduced incentive awards to $6,500 in an order granting final approval to the $6.75 million class settlement of retirement plan participants’ suit against LinkedIn Corp. and related entities over the allegedly imprudent selection and retention of Fidelity’s actively managed Freedom suite target date funds (TDFs)....