McKinsey settles 401(k) suit for $39.5 million
Huntington Bancshares also settles a retirement plan lawsuit, while American Airlines sees a surprise win
McKinsey & Co. is shelling out $39.5 million to put a class-action lawsuit over its retirement plans behind it, according to court records filed this week.
The settlement applies to about 33,000 people who were participants in the company’s profit-sharing and money-purchase plans between Fe
Learn more about reprints and licensing for this article.