Payments will come from Ascension if the Wheaton Franciscan plan can’t cover them.
Plaintiffs alleged the company misled investors regarding its 2011 Cadent acquisition.
Lawsuit cites 2015 Audit Report that said the payments disregarded the laws governing pension plans.
Fund accused financial services firm of violating asset management duties.
Cash payments offered to shareholders didn’t represent “the company’s prospects and value,” complain alleges.