Duane Morris Class Action Review - 2023 - Report - Page 409
4. $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).
5. $15 million – Snider, et al. v. Administrative Committee Of Seventy-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).
6. $14 million – Brown-Davis, et al. v. Walgreen Co., Case No. 19-CV-5392
(N.D. Ill. Feb. 17, 2022) (final approval granted for a class action settlement of
ERISA claims from a group of retirees alleging mismanagement of the
company’s 401(k) plan).
7. $12.5 million – Boley, et al. v. Universal Health Services, Inc., Case No. 20CV-2644 (E.D. Penn. Nov. 1, 2022) (preliminary approval granted for a class
action settlement of ERISA claims alleging the company mismanaged its 401(k)
plan by filling it with expensive, actively managed funds).
8. $7.5 million – Davis, et al. v. Washington University St. Louis, Case No. 17CV-1641 (E.D. Mo. Aug. 31, 2022) (final approval granted for a class action
settlement of ERISA claims alleging mismanagement of retirement funds).
9. $7 million – Feinberg, et al. v. T. Rowe Price Group, Inc., Case No. 17-CV427 (D. Md. June 10, 2022) (final approval granted for a class action settlement
of ERISA claims alleging mismanagement of retirement funds).
10. $5.6 million – Blenko, et al. v. Cabell Huntington Hospital, Inc., Case No. 21CV-315 (S.D. W.Va. Nov. 2, 2022) (final approval granted for a class action
settlement of ERISA claims alleging their health care plans would be terminated).
408
© Duane Morris LLP 2023
Duane Morris Class Action Review – 2023
