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ING Settles ERISA Class Action Lawsuit Over Revenue Sharing Practices
FRA PlanTools 
Apr. 14, 2014
"In total, ILIAC agreed to pay $14,950,000 in damages and agreed to significant changes to its business practices regarding fees and revenue sharing.... The settlement of $14,950,000 represents just 2.33% of the original damages amount and with the plaintiffs' attorneys requesting $6,200,000 (about 42% of the settlement amount) in fees and $615,000 in expenses, this decreases to 1.3%."
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