Preliminary OK Sought For $6.75M Class Settlement In ERISA Suit Over Active TDFs

Mealey's (March 8, 2023, 12:45 PM EST) -- SAN JOSE, Calif. — Reporting a $6.75 million agreement to settle their putative class 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), retirement plan participants moved in California federal court for preliminary settlement approval....