Proposed Bar Order Leads Judge To Deny Approval Of $4.5M ERISA Settlement

(January 8, 2024, 3:19 PM EST) -- FLORENCE, S.C. — Saying in part that “that the proposed bar order is prejudicial to the” objecting defendants, a South Carolina federal judge on Jan. 5 denied without prejudice a motion proposing a $4.5 million class settlement of claims against Aon Investments USA Inc. in a suit over a retirement plan’s use of proprietary collective investment trusts (CITs.)...