Nvidia’s $2.5 Million 401(k) Settlement Gets Nod After Hiccup

Nvidia Corp. secured initial approval for a $2.5 million class settlement over its 401(k) plan fee levels, after a federal judge said the parties fixed issues that previously prevented him from blessing the deal.

Judge Jon S. Tigar granted preliminary approval to the agreement on Tuesday, saying the parties had “cured the previously identified deficiencies” in their settlement papers. In January, Tigar balked at a proposal to use uncashed settlement checks to defray the 401(k) plan’s administrative expenses. The parties then revised their paperwork to clarify that unclaimed settlement money will be either distributed to class members or used to ...