Cedars-Sinai Advances $2.97 Million Retirement Fee Settlement

Cedars-Sinai Medical Center Inc.‘s $2.97 million class settlement with workers challenging their retirement plan fees and investment options received initial approval from a federal judge who also requested revised paperwork related to the deal.

The agreement, which represents about 34% of the case’s total potential damages, is slated to benefit about 25,000 people covered by the Cedars-Sinai plan since June 2017.

• Judge Josephine L. Staton of the US District Court for the Central District of California on Monday granted preliminary approval to the deal, saying her approval was conditioned on the parties submitting a revised notice clarifying that ...