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BlackRock Settles 401(k) Lawsuit for Less Than $10 Million
InvestmentNews; subscription may be required Link to more items from this source
Apr. 7, 2021

"The settlement is monetary only and does not require the company to change anything about its plan. Payments will be made to about 17,000 class members, about 30% of whom are former participants in the company's 401(k) ... Of the total $9.65 million settlement, as much as $2.8 million, or 29%, will go to attorneys' fees." [Baird v. BlackRock Inst. Trust Co., No. 17-1892 (N.D. Cal. prop. settlement filed Mar. 23, 2021)]

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