Emory University’s $16.75 million settlement, resolving a 45,000-person class action targeting the fees and investment options in its retirement plan, got tentative approval from a federal judge in Atlanta.
The settlement is sufficiently fair, reasonable, and adequate to warrant sending notice to the class members, Judge Charles A. Pannell Jr. of the U.S. District Court for the Northern District of Georgia said Thursday.
A final fairness hearing is set for Oct. 1.
Pannell declined to dismiss the suit in 2017 and certified it as a class action in 2018.
The settlement is one of the largest announced to date in ...
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