Stris & Maher, Bailey & Glasser, and other firms have settled an excessive-fee ERISA class action against TransAmerica for $3.8 million. The settlement also includes changes to plan operations that will benefit the plan participants. Lead counsel for the defendants was Brian Boyle of O’Melveny & Myers.
Coverage linked above:
Transamerica Settles ERISA Excessive-Fee Suit For $3.8M (Law360, June 30, 2016) (subscription required)