$332M Settlement Of ERISA Class Action Over Residual Annuities Wins Final OK

( January 15, 2026, 11:46 AM EST) -- NEW YORK — Saying a separate order would follow regarding the pending motion for attorney fees and costs in the long-running Employee Retirement Income Security Act lawsuit over residual annuities (RAs), a New York federal judge on Jan. 14 granted final approval to a $332 million class settlement the plaintiffs said will “yield the 1,177 Class members an average net settlement benefit of almost $200,000” even if the fees and costs are awarded as requested....