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Benefit Plan Class Action Payouts by Large Corporations Top $6 Billion
Good Jobs First Link to more items from this source
Apr. 4, 2019

"[L]arge corporations have paid out $6.2 billion in class-action lawsuits in which employees claimed that the companies acted improperly in the administration of their 401(k) or defined-benefit pension or retiree health plans. That's the total of 201 settlements and verdicts since the beginning of 2000 ... The largest settlement, $480 million, was reached in 2014 in a retiree health benefits suit brought against Daimler AG on behalf of workers at the German company's U.S. truck manufacturing plants."

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