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Plaintiffs Seek Preliminary Approval Of $14 Million Class Action Settlement

Mealey's (November 7, 2016, 7:40 PM EST) -- SAN FRANCISCO — Plaintiff attorneys on Oct. 26 filed a motion for preliminary approval of a proposed $14 million settlement in a class action over an amendment that eliminated the ability of pension plan participants to “age into” a subsidized early retirement benefit (Juan R. Reyes v. Bakery and Confectionary Union and Industry International Pension Fund, No. 14-5596, N.D. Calif.).

(Motion available. Document #54-161109-052X.)

U.S. Judge Jon S. Tigar of the Northern District of California on Oct. 26 signed a joint stipulation to stay all pretrial...
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