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District Court Rejects $79 Million Settlement Agreement for DST Plan Fiduciary Breach Claims (PDF)
U.S. District Court, Southern District of New YorkLink to more items from this source
Aug. 19, 2021

"Plaintiffs' injunctive provision seeks to enjoin non-parties, including the Secretary of Labor, from bringing or prosecuting their claims. While Plaintiffs attempt to characterize this as a traditional bar order, it is plainly not.... Accordingly, the Court denies Plaintiffs' motions for [preliminary] approval of the class action settlements.' [Ferguson v. Ruane Cuniff & Goldfarb Inc., No. 17-6685 (S.D.N.Y. Aug. 17, 2021)]

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