Federal judge approves up to $650,000 settlement over lost retirement savings
A federal judge in North Carolina has signed off on a settlement worth up to $650,000 for workers at Republic Mortgage. The payout addresses claims that retirement savings were mishandled when the firm shut down. Roughly 100 employees reportedly suffered significant financial losses as a result. The settlement also covers legal fees and administrative expenses tied to the case. The 2024 lawsuit ends with the company not admitting any wrongdoing.
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