Fifth Third Bancorp to pay $6m to settle class action

A court in Ohio has ruled that Fifth Third Bancorp pay $6m to settle a class action lawsuit with employees who claim the company's retirement plan lost tens of millions of dollars by investing in the financial services firm's own stock in 2007, despite its risky subprime lending. 

By Kelly Knaub (March 16, 2016, 6:19 PM EDT) -- Fifth Third Bancorp will pay $6 million to settle a class action lawsuit brought by employees claiming the company's retirement plan lost tens of millions of dollars by investing in the financial services firm's own stock in 2007 despite its risky subprime lending, according to a filing in Ohio federal court Tuesday....

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