IQVIA Finalizes $3.5 Million Class Deal Over 401(k) Investments

IQVIA Inc. received final court approval for a $3.5 million class settlement with workers who said the health-care technology company wrongly filled their 401(k) plan with expensive and poorly performing Fidelity target date funds.

The deal, which covers IQVIA retirement plan participants and beneficiaries since June 2014, represents about 50% of the “realistically recoverable” damages at trial, an attorney for the workers said in a court filing.

Judge William L. Osteen Jr. granted final approval to the deal in an order issued Thursday in the US District Court for the Middle District of North Carolina. Osteen, who previously ...