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Best Practices for Plan Sponsors, Part 11
FredReish.com Link to more items from this source
Sept. 11, 2019

"[ABB, Inc.] settled the case for $55 million, a tidy sum. The plaintiffs' attorneys -- the Schlichter law firm -- received over $18 million of that amount or about a third of the settlement amount. But, as with the other settlements in this series -- and as is typical of the recent settlements with the Schlichter firm -- there were non-monetary conditions in the agreement. Those conditions are the 'lessons' for plan fiduciaries, (e.g., the plan committee members)."

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