Anyone know anything about this class action lawsuit and what the potential payout may be for participants?
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Still no updates on what or when a payout might look like. There could have been an appeal but I haven't seen any documentation of that.
“is appropriate, given the wide range of potential damage outcomes at trial—as well as the possibility of a verdict in favor of Defendant that would result in zero recovery for the Class.”
And zero recovery for the class means zero money for the hm who benefits the most oh yeah the lawyers.
But U.S. District Judge Paul G. Gardephe had allowed the Global Opportunity Fund argument to continue, with a trial set to begin this month, according to the court filing. Instead, after two days of negotiations, the parties came to an agreement on the $30 million payment. One-third of the settlement will go to the law firms representing the class, with the remainder going to plan participants as tax-deferred contributions to their accounts or rollovers into individual retirement plan accounts.