‘First And Only’ Forfeiture Row To Reach Stage Could Settle For Nearly $2M

( May 19, 2025, 12:12 PM EDT) -- SAN JOSE, Calif. — Calling the Employee Retirement Income Security Act lawsuit “the first and only case to reach settlement on this novel theory of recovery,” a plaintiff whose key claims regarding the use of forfeited nonvested retirement plan contributions to offset the plan sponsor’s future matching contributions survived dismissal asked a California federal court on May 16 for preliminary approval of a $1,995,000 class settlement....