Schlichter Bogard Obtains Final Approval of $48.5 Million Settlement After $38.7 Million Jury Verdict Against Pentegra Services Inc. for 401(k) Participants
National plaintiffs law firm Schlichter Bogard LLC achieved court approval of a settlement of $48.5 million on behalf of 401(k) employees and retirees against Pentegra Services Inc. and members of its Board of Directors. The settlement approval by U.S. District Judge Philip M. Halpern came on December 2, 2025 after an earlier landmark unanimous jury verdict of $38.7 million for breach of fiduciary duty for self-dealing that resulted in excessive fees, following a one-week trial in U.S. District Court in the Southern District of New York.
