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After 13 Years, Haddock v. Nationwide Settles for $140,000,000
The Lowenbaum Partnership and FRA PlanTools 
Dec. 15, 2014
"Originally filed in 2001, the lawsuit concerned the plaintiffs' allegation that Nationwide received undisclosed revenue sharing payments from non-proprietary mutual funds in violation of ERISA.... The settlement also calls for extensive non-monetary relief ... [T]his is the most substantial settlement ever in an ERISA fiduciary breach case involving the receipt of revenue sharing by a service provider."
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