New York Federal Judge Determines Pension Plan Must Be Reformed
(October 2, 2015, 2:15 PM EDT) -- NEW YORK — A pension plan must be reformed to provide the benefits reasonably expected by a class of plan participants as a result of the plan’s misrepresentations, a New York federal judge said Sept. 29 after determining that the evidence submitted by the class plaintiffs fully supported their claims against the plan (Geoffrey Osberg v. Foot Locker Inc., et al., No. 07-1358, S.D. N.Y.; 2015 U.S. Dist. LEXIS 132054).
(Opinion available. Document #54-151014-033Z.)
In 1996, Foot Locker Inc. converted the Foot Locker Retirement Plan from...