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TIAA Pays $2.9M To Settle ERISA Class Action Claims

By Dorothy Atkins ( August 24, 2016, 10:02 PM EDT) -- A Vermont federal judge preliminarily approved a proposed $2.9 million agreement Wednesday to settle allegations that retirement investment manager TIAA violated the Employee Retirement Income Security Act by delaying investors' transfer and withdrawal requests and using the delay to generate returns that it kept for itself....

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