Court Approves Settlement in MassMutual Litigation
A Massachusetts federal judge has given final approval to a $30.9 million settlement of a class action brought by Schlichter Bogard & Denton on behalf of investors in Massachusetts Mutual’s 401(k) plan. The settlement requires MassMutual to make significant plan changes that will provide as much as $77.9 million in additional value to plan investors.
The case was captioned Gordon v. Massachusetts Mutual Life Insurance Co., No. 13-CV-30184-MAP (D. Mass.). For additional information about Schlichter Bogard & Denton’s ERISA and Financial Abuse practice, please contact Schlichter Bogard & Denton at 1-800-873-5297 or firstname.lastname@example.org.