$7.5M Deal Proposed In Follow-Up ERISA Suit Over Proprietary Funds

(August 21, 2023, 10:30 AM EDT) -- SANTA ANA, Calif. — Plaintiffs who assert that the defendants “still maintain an all-proprietary lineup” despite a 2018 settlement over similar Employee Retirement Income Security Act claims on Aug. 18 asked a California federal court for preliminary approval of a class settlement including a $7.5 million payment....