The representative plaintiff in a class action regarding the financial deterioration of a pension plan moved for approval of two settlements totaling $1,050,000.
The settlements depleted the remaining insurance limits of the settling defendants.
The court found the settlements to be fair, reasonable, and in the best interests of the class, noting that no class members opposed them.
The court approved the settlements, the distribution protocol, and granted leave to discontinue the action against two impecunious defendants without costs.
