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Wealth management employee class action settlement reaches $25.5m accord
Yahoo Financeยท 2025-11-24 11:58
A group of wealth management and asset management firms has reportedly agreed to a $25.5m settlement in a class action lawsuit that accused them of conspiring to limit job mobility and suppress renumerations for thousands of financial professionals. This class action settlement, which is awaiting final court approval, will benefit more than 4,400 current and previous employees, reported Reuters. Lawyers representing the employees have asked a federal judge in Kansas to grant final approval for the nation ...