ERISA Suit Over Allegedly Underperforming Target Date Funds Settles For $69M

( June 13, 2025, 2:53 PM EDT) -- MINNEAPOLIS — A $69 million deal that the class representative called “the largest-ever ERISA settlement alleging breach of fiduciary duty for failure to remove underperforming investment options” has been granted final approval, a text-only June 13 docket entry in Minnesota federal court shows....

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