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Allianz Agrees To Shell Out $7.5M To End ERISA Suit

By Katherine Smith (August 21, 2023, 7:03 PM EDT) -- Allianz Asset Management of America will pay $7.5 million to end a proposed class action brought by its former workers who said the company violated federal benefits law by including shoddy Allianz-affiliated investment options in its 401(k) plan, according to a Friday filing in California federal court....

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