ServiceNow Gets First Approval for $925,000 Deal in 401(k) Suit

A federal judge preliminarily approved ServiceNow Inc.'s $925,000 class settlement with workers who challenged the target-date funds in the software company’s 401(k) plan.

The agreement covers all ServiceNow 401(k) participants and beneficiaries who held American Century target-date funds in their accounts since February 2018—a “large percentage” of the plan’s 20,000 current and former participants. Workers say it represents 11.7% of the estimated losses they demanded during settlement negotiations.

• Judge Trina L. Thompson granted preliminary approval to the deal and scheduled a Feb. 24, 2026, fairness hearing in an electronic entry docketed Wednesday in the US District Court for the Northern ...