Duane Morris Class Action Review - 2023 - Report - Page 207
1. $267 million – Laurent, et al. v. PriceWaterhouseCoopers LLP, Case No. 06CV-2280 (S.D.N.Y. Nov. 1, 2022) (preliminary settlement approval granted in
class action settlement of ERISA claims challenging various aspects of the
company’s pension benefits).
2. $32.5 million – Becker, et al. v. Wells Fargo & Co., Case No. 20-CV-2016 (D.
Minn. Apr. 25, 2022) (preliminary settlement approval granted in class action
settlement of ERISA claims alleging the company favored its own funds in its
401(k) plan over less expensive, better performing alternatives).
3. $16.5 million – Godfrey, et al. v. GreatBanc Trust Co., Case No. 18-CV-7918
(N.D. Ill. Oct. 5, 2022) (final settlement granted in class action settlement of
ERISA claims alleging that company’s corporate reorganization improperly
reduced 401(k) plan participants’ owners stake in the company).
4. $15 million – Snider, et al. v. Administrative Committee Of Seventh-Seven
Energy Inc. Retirement & Savings Plan, Case No. 20-CV-977 (W.D. Okla.
Aug. 18, 2022) (final settlement approval sought in class action settlement of
ERISA claims alleging improper securities investments in a corporate entity).
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© Duane Morris LLP 2023
Duane Morris Class Action Review – 2023
