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Transamerica Settles ERISA Excessive-Fee Suit For $3.8M

By Adam Lidgett (June 30, 2016, 5:39 PM EDT) -- An Iowa federal judge has preliminarily approved a $3.8 million class action settlement in an excessive-fee lawsuit brought against Transamerica Corp. by some of its employees, who claimed the company did not live up to its fiduciary duty under the Employee Retirement Income Security Act with its 401(k) plan....

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