Northeastern University, Workers Settle Retirement Plan Lawsuit

Northeastern University plans to settle a proposed class action by workers challenging their retirement plan’s fees and investment options.

The parties reached an agreement after a full-day mediation session and plan to file paperwork for court approval by Oct. 15, they told Judge Nathaniel M. Gorton. Their three-page status report, filed Monday in the US District Court for the District of Massachusetts, didn’t include details about the terms of the agreement.

• The lawsuit says the Boston-based school filled its $1.9 billion retirement plan with high-cost and underperforming investments and allowed the plan to pay excessive administrative fees
• Gorton ...