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Eversource Energy settles retirement plan lawsuit for $15 million

Posted On: Apr. 21, 2023 10:21 AM CST

Eversource Energy Service Co. and retirement plan plaintiffs have agreed to the terms of a proposed settlement to put to rest a $15-million lawsuit, Plansponsor reports. U.S. District Judge Janet Hall gave preliminary approval on April 14 for the proposed class action settlement and appointed the lead plaintiffs to represent the class. The lawsuit alleged breach of fiduciary duty to participants of the Eversource 401(k) plan under the Employee Retirement Income Security Act.