A North Carolina worker alleged his company failed to prevent a $1.3 million loss in employees’ retirement savings; a federal judge has now approved a settlement of up to $650,000 for around 100 plan members

• A federal judge in North Carolina has approved a settlement worth up to $650,000 for employees of Republic Mortgage Insurance Company.
• The agreement follows a lawsuit filed by a former employee who accused the company of failing to protect workers' retirement savings from a major financial loss.