Sutherland Global Services Inc. plans to settle a lawsuit over its 401(k) plan fees and investment options after defeating plan participants’ request to have the case certified as a class action.
The parties reached a settlement in principle and requested that case deadlines be put on hold, according to a May 30 order by Magistrate Judge Colleen D. Holland. Holland gave the parties until June 30 to file an update on the status of the deal.
The judge’s order, issued in the US District Court for the Western District of New York, didn’t include details about how the case was …
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