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Legal News

: Lawyers and Settlements

Court Approves Mutual Fund ERISA Settlement

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Pittsburgh, PA: A US district court judge has approved a $14 million settlement between New York Life Insurance Co. employees and the company. The plaintiffs alleged that the company improperly put employees' and agents' retirement savings into the company's own proprietary mutual funds when there were more appropriate investments that charged lower fees.

Full post as published by Lawyers and Settlements on March 11, 2008 (boomark / email).

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