Norton Healthcare Settles Retirement Plan Suit Covering 15,000

Nov. 19, 2020, 4:10 PM

Norton Healthcare Inc. reached a tentative settlement in a proposed class action challenging the fees and investment options in its $900 million 401(k) plan, according to court papers filed in the Western District of Kentucky.

The parties reached an agreement after a Nov. 11 mediation session and expect to file formal settlement paperwork in January, they said in a joint status update submitted to Chief Judge Greg N. Stivers of the U.S. District Court for the Western District of Kentucky.

The deal, announced Wednesday, comes one year after Stivers allowed the proposed class of more than 15,000 plan participants to ...

To read the full article log in.

Learn more about a Bloomberg Law Subscription.