Law360, New York (August 06, 2009) -- Plaintiffs in a class action accusing Countrywide Financial Corp. of violating the Employee Retirement Income Security Act in its treatment of their 401(k) plan have asked a judge to approve a $55 million settlement in the case.
In a motion filed Wednesday in the U.S. District Court for the Central District of California, plaintiffs said that the $55 million cash payment would provide “substantial benefit” to the...
