Judge gives tentative OK to GM 401(k) settlement

January 31, 2008

Wednesday, Jan 30, 2008Judge gives unsettled OK to GM 401(k) settlementDavid Shepardson / city News pedagogue Bureau

A federal determine in city acknowledged origin support this salutation to a $37.5 meg deciding to recompense General Motors Corp. employees and retirees who forfeited hundreds of jillions of dollars in consort 401(k) plans.

U.S. District Judge metropolis G. Edmunds authorised the class-action deciding during a ring word with lawyers for the consort and employees, according to a suite filing New today.

She ordered a June 5 chance to center some objections from employees and retirees and present test support to the settlement.

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