Federal Jury Awards Class Nearly $39M In ERISA Fees Challenge

( April 24, 2025, 11:54 AM EDT) -- NEW YORK — A rare Employee Retirement Income Security Act jury trial resulted in a unanimous April 23 verdict awarding $38,760,232 in damages to a class of retirement plan participants who challenged the record-keeping and administration fees of a multiple employer retirement plan (MEP), according to a text-only entry on the New York federal court docket....