Nearly $2M Settlement Of ERISA Forfeiture Row Wins Preliminary OK

( July 16, 2025, 12:53 PM EDT) -- SAN JOSE, Calif. — A proposed $1,995,000 class settlement is proceeding after a California federal judge on July 15 granted a preliminary approval motion in which 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 called the Employee Retirement Income Security Act lawsuit “the first and only case to reach settlement on this novel theory of recovery.”...