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Vanderbilt Settlement Challenged by Plan Participant Who Is a Law Professor
National Association of Plan Advisors [NAPA] Link to more items from this source
Sept. 30, 2019

"The challenge to the settlement ... has to do with a release of claims included in the settlement –- a release that [Michael B. Bressman, who is a participant and  law professor] claims would ... 'have the effect of releasing valuable claims against non-parties to the lawsuit -- the third party service providers TIAA-CREF, Fidelity, VALIC and Vanguard ... without consideration being paid by these non-parties.' ... Bressman makes clear in his filing that he does not object to the remaining terms of the settlement -- but asks that the court not approve it 'unless the parties revise the scope of the Release.' "  MORE >>

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