3 Firms To Seek Up To $4.4M In Fidelity National Suit Settlement

By Rose Krebs (April 4, 2022, 4:33 PM EDT) -- Three firms are set to seek $4.4 million for a proposed $20 million settlement of an investor suit in Delaware Chancery Court that accused Fidelity National Financial Inc. directors and others of forcing through a $1.8 billion acquisition of annuity and life insurance provider F&G.

In a stipulated settlement filed Friday to Chancellor Kathaleen St. J. McCormick, plaintiff City of Miami General Employees' and Sanitation Employees' Retirement Trust is set to drop its suit in exchange for the defendants paying or having their insurers pay $20 million to Fidelity. The settlement still needs to be approved by the court at a...

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