Duke University won preliminary court approval of a $10.65 million settlement with about 40,000 current and former employees who challenged the fees and investment options in the school’s retirement plan.
Judge Catherine C. Eagles of the U.S. District Court for the Middle District of North Carolina signed off on the deal Feb. 7, one week after ordering the parties to better justify the settlement amount.
The workers’ Feb. 1 response said the $10.65 million was reasonable given the parties’ strong disagreement on damages, the fact that the University of Chicago settled a similar suit for $6.5 million, and the ...
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