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Fifth Circuit Remands Settlement of Pension Funding Class Action Case
Greensfelder Aug. 7, 2017 "Over 200 objectors appealed to the Fifth Circuit, bringing up a variety of arguments regarding class certification and the fairness of the settlement.... The Fifth Circuit took issue with the fact that the 'unsecured contractual obligations' to make contributions to the plan would extend over 35 years while class counsel would receive their fees by the end of 2018." [Jones v. Singing River Health Servs. Foundation, No. 16-60550 (5th Cir. July 27, 2017)] |
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