Ex-BNA Workers Reach $5M Deal In Bloomberg Merger Suit

Law360, New York (July 16, 2013, 8:57 PM EDT) -- A Virginia federal judge preliminarily approved a $4.7 million settlement Monday in a class action brought by an ex-Bureau of National Affairs Inc. employee who claimed 401(k) plan participants were kept in the dark before the announcement of Bloomberg LP's $990 million deal to acquire BNA.

U.S. District Judge Liam O'Grady granted an unopposed July 5 motion from the plaintiff and ex-BNA worker Judith Knight seeking a tentative green light for the deal, which will be the subject of a final fairness hearing slated for Oct....
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