Court Grants Final Approval in ING ERISA Litigation

On September 25, 2014, the Honorable Judge William G. Young of the District of Massachusetts granted final approval of the settlement reached in Healthcare Strategies, Inc., et al. v. ING Life Insurance & Annuity Co., 3:11-cv-00282 (WGY)(D.Conn ). Judge Young granted final approval to the settlement, which states that ING will provide $14.95 million in cash for compensatory relief in addition to implementing changes in practices and structural changes. The Court concludes that the settlement is fair, reasonable and adequate. For more information regarding the settlement, visit http://www.ingerisasettlement.com. To read a Law360 article regarding this settlement, visit http://www.law360.com/articles/581443/ing-kickback-settlement-worth-415m-gets-final-ok.