Judge Talks Attorney Fees Justification In Granting Final OK To $7.9M ERISA Deal

( September 24, 2025, 8:15 AM EDT) -- NEW HAVEN, Conn. — Devoting several pages to explaining why he overruled the lone objection to awarding a third of the $7.9 million class settlement for attorney fees, a Connecticut federal judge granted final approval to the deal resolving an Employee Retirement Income Security Act case concerning alleged underperformance that the plaintiff claimed was caused by a now-bankrupt hedge fund management company directing all the assets of its 401(k) plan into proprietary hedge and mutual funds that used “alternative” investment strategies....