litigation
confidence high
sentiment neutral
materiality 0.60
SS&C Technologies reaches $124.6M global settlement of DST ERISA litigation
SS&C Technologies Holdings Inc
- DST, Ruane, and Goldfarb to pay $124.625 million total; DST's share ~$55.1 million.
- Payment expected in Q4 2023, subject to court approval.
- Company previously accrued $51.5M; will record additional $3.6M liability in Q2 2023.
- All pending DST ERISA Matters to be dismissed with prejudice upon approval.