No Halo News · Sourced development
Court grants final approval to $950,000 retirement-plan settlement
The court granted final approval on October 8, 2025, to a $950,000 class settlement resolving litigation over Northern Trust target-date funds in the American Red Cross Savings Plan. The defendants included the American National Red Cross and its Benefit Plan Committee.
Status matters. This page records a sourced development, not a completed No Halo investigation. An allegation is not a finding. Dismissals, settlements, judgments, corrections and final outcomes remain distinct.
Donor relevance
Why this matters
The settlement resolves an employee retirement-plan dispute and establishes a financial obligation, rather than a trial finding of wrongdoing.
Classification
How No Halo records this event
Event type: Settlement. Current state: Resolved. No Halo preserves the current procedural state rather than treating every mention as a finding.
Published October 9, 2025 · Last verified September 15, 2026. See an error or a later outcome? Submit a correction or right of reply.