$19M Class Settlement Gets Final OK In ERISA Row Over Proprietary Funds

(July 23, 2024, 8:48 AM EDT) -- NEW YORK — A New York federal judge has granted final approval to a $19 million class settlement resolving claims over the use of proprietary investments in two New York Life Insurance Co. 401(k) plans and the use of a stable value fund as the default investment, also approving a 33% attorney fee and all awards as requested....

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