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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 York 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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