Holding that decision to grant or reject objector's motion for discovery regarding fairness of settlement depended on "whether or not the District Court had before it sufficient facts intelligently to approve the settlement offer"
Finding that, where parties “reached an enforceable settlement agreement subject to court approval,” defendant could not withdraw from agreement even before court approval
Holding that, under ERISA, "participant" is a "distinct term[] of art" that "refers to an employee or former employee who takes part in his employer's plan."
Holding objection to settlement on adequacy of representation grounds waived where the “perceived differences [among] subclass members were apparent when the subclasses were certified” and no objection was made at time of certification decision
Holding that “ERISA imposes three general duties on pension plan fiduciaries”: to “discharge their duties with ‘prudence’ ”; to “diversify investments to ‘minimize the risk of large losses' ”; and to “act ‘solely in the interest of the participants' and for the ‘exclusive purpose’ of providing benefits to those participants.” (quoting 29 U.S.C. § 1104(a) )
Fed. R. Civ. P. 23 Cited 34,939 times 1235 Legal Analyses
Holding that, to certify a class, the court must find that "questions of law or fact common to class members predominate over any questions affecting only individual members"