$2.2M Deal Pitched In ERISA Suit V. BoNY, Callan

Law360, New York (September 16, 2008, 12:00 AM EDT) -- The named plaintiff in a putative Employee Retirement Income Security Act class action alleging that investment consultant Callan Associates Inc. took kickbacks in exchange for steering pension plan clients to a Bank of New York Mellon Corp. affiliate has asked the court overseeing the dispute to approve a $2.2 million settlement.

Plaintiff Albert T. Beane Jr. filed a motion on Monday in the U.S. District Court for the Southern District of New York, seeking preliminary approval of the $2.2 million deal and certification of the settlement...
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