United Community Banks Puts Up $3.5M To End ERISA Claims

By Jeff Sistrunk (July 23, 2013, 10:09 PM EDT) -- United Community Banks Inc. has agreed to pay $3.5 million to a proposed class of pension plan beneficiaries alleging the plan's managers violated the Employee Retirement Income Security Act by continuing to invest in UCBI stock when it wasn't a prudent investment, according to court documents filed Tuesday....

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