After nearly a decade's worth of litigation, a provisional settlement has been announced in Spano v. Boeing Inc., the 401(k) fee class action case that spawned a new era of litigation under the Employee Retirement Income Security Act.
As recently as this week, Boeing officials had vowed to fight the case until the end, according to reporting in the Wall Street Journal.
Trial was scheduled to begin Wednesday of this week in U.S. District Court for the Southern District of Illinois.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
