Parties Seek Settlement Approval In Louisiana Pension Cutback Case

Mealey's (February 10, 2020, 5:53 PM EST) -- NEW ORLEANS — In a Feb. 4 joint motion, a plaintiff class and a retirement plan request preliminary approval of a $1.82 million settlement of allegations that the plan’s imposition of an actuarial charge represented an unlawful cutback of pension benefits (Aman Joseph Claudet Jr. v. Cytec Retirement Plan, et al., No. 17-10027, E.D. La.)....