$48.5M Deal Gets Initial OK In ERISA Fees Suit After Federal Jury Verdict

( July 7, 2025, 9:48 AM EDT) -- NEW YORK — A New York federal judge has preliminarily approved a settlement that would include a $48.5 million payment and other relief in a suit over the record-keeping and administration fees of a multiple employer retirement plan (MEP); in the granted motion, the class of retirement plan participants said the deal would be nearly $10 million higher than the verdict a jury issued in their favor....