Macy's Pays $8.5M To Settle ERISA Stock Drop Action

By Dan Prochilo ( March 1, 2013, 8:15 PM EST) -- Macy's Inc. agreed Thursday to pay $8.5 million to settle a class action brought by members of company retirement plans who accused the retailer of funneling their nest eggs into its own stock while knowing it was an unwise investment....

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