Federal Court Approves Settlement in Novant Health Case
A North Carolina federal judge has given final approval to a $32 million settlement of a class action brought by Schlichter Bogard & Denton on behalf of investors in Novant Health’s 401(k) plan. The settlement requires Novant to make changes to its plan that will provide roughly $69 million in additional value to plan participants.
The case was captioned Kruger v. Novant Health, Inc., No. 14-208 (M.D.N.C.). 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.