Nvidia Cleared for $2.5 Million Class 401(k) Fee Settlement

Nvidia Corp. employees finalized their $2.5 million class settlement resolving litigation over the technology company’s retirement plan fee levels.

The agreement, which is slated to benefit about 11,800 people, resolves claims that the plan’s recordkeeping and investment management fees were too high. Judge Jon S. Tigar granted final approval to the deal and awarded class counsel more than $850,000 in attorneys’ fees and costs in a pair of orders issued Thursday in the US District Court for the Northern District of California.

• Tigar initially withheld preliminary approval of the deal but signed off on it in September after the parties ...