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IN RE: G.E. ERISA LITIGATION

  1. March 07, 2024

    $61M Deal Gets Final OK In GE In-House 401(k) Fund Suit

    A Massachusetts federal judge granted final approval Thursday to a $61 million settlement ending a lawsuit from current and former workers accusing General Electric of mismanaging their retirement savings, signing off on a deal that comes after six years of litigation and includes $21.5 million in attorney fees and expenses.

  2. February 02, 2024

    Attorneys Want $21.5M In GE Retirement Funds Suit

    Attorneys representing current and former workers who reached a $61 million settlement in their lawsuit accusing General Electric of mismanaging their retirement savings asked a Massachusetts federal court to greenlight their request for $21.5 million in fees and expenses, citing their commitment to six years' worth of litigation.

  3. October 20, 2023

    GE, Retirees Get Initial Nod For $61M Retirement Fund Deal

    A Massachusetts federal judge gave a first OK on Friday to a $61 million settlement that ends current and former workers' claims that General Electric directed employee retirement savings into underperforming GE Asset Management funds to generate fees for the subsidiary before it was sold.

  4. October 06, 2023

    GE, Retirees Seek OK For $61M Retirement Funds Settlement

    General Electric and a group of current and former workers are asking a Massachusetts federal court to grant preliminary approval to a $61 million settlement of claims that GE steered employee retirement savings into costlier and lower-performing GE Asset Management funds to boost the subsidiary's bottom line before selling it off in 2016.

  5. August 04, 2023

    GE Reaches Potential Settlement In Retirement Funds Fight

    General Electric has reached a tentative settlement to resolve claims it steered workers' retirement savings into underperforming GE Asset Management funds in a bid to generate fees for the subsidiary before it was sold, according to a court filing.

  6. March 16, 2020

    Sanford Heisler, 3 Others To Share Lead In GE Suit After Feud

    A Massachusetts federal judge on Monday awarded Sanford Heisler Sharp LLP and three other firms the lead in a retirement benefits class action against General Electric Co., leaving Block & Leviton LLP as the liaison counsel after a spirited fight to head up the suit.

  7. March 04, 2020

    Judge Scolds Sanford, Block Attys Over Fight To Lead GE Suit

    A Massachusetts federal judge scolded a group of plaintiffs attorneys Wednesday for squabbling over who will lead a proposed retirement benefits class action against General Electric Co., saying she would be forced to decide between Sanford Heisler Sharp LLP or Block & Leviton LLP and three other firms.

  8. February 06, 2020

    Sanford Heisler Fights To Take Helm In GE ERISA Battle

    Sanford Heisler Sharp LLP urged a Massachusetts federal judge Thursday to appoint it as head class counsel in an ERISA suit against General Electric Co., saying it has done more work in the proposed class action than the other firms that seek to lead the suit.

  9. January 31, 2020

    Fight Over Head Atty Status In GE 401(k) Row Heats Up

    A group of General Electric 401(k) plan participants is fighting Sanford Heisler Sharp LLP's bid to be named class counsel in a proposed class action accusing GE of loading the plan with underperforming company-affiliated funds, saying the firm's request to take the helm "blindsided" other plaintiffs lawyers.

  10. January 09, 2020

    GE Retirees' Cert. Bid Hits Snag As Judge Seeks Atty Names

    A Massachusetts federal judge on Thursday declined to certify a class action of hundreds of thousands of General Electric workers and retirees in their lawsuit accusing the company of improperly investing employees' retirement savings, saying their motion failed to specify which attorneys would be class counsel.

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