Georgia’s Columbus Regional Healthcare System Inc. plans to settle a class action challenging the investment options and fees in its workers’ retirement plan.
The parties reached an agreement following a private mediation session and plan to submit the deal for court approval by mid-November, they said in a status report filed Monday in the US District Court for the Middle District of Georgia. The filing didn’t include details about the terms of the agreement.
The lawsuit says Columbus, which was acquired by Piedmont Healthcare Inc. in 2019, mismanaged its $183 million retirement plan by offering expensive and poorly performing funds ...
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