PricewaterhouseCoopers Seeks To Decertify Class In Pension Benefit Calculation Lawsuit

Mealey's (September 9, 2020, 7:38 PM EDT) -- NEW YORK — A class of former PricewaterhouseCoopers LLP (PwC) employees who elected to receive lump-sum payments from a cash-balance pension plan should be decertified because a recent Second Circuit U.S. Court of Appeals ruling in the case that authorized a "novel two-step remedy" undermined the basis for the 2014 certification of the class, PwC tells a federal judge in New York in its Aug. 14 reply brief in support of its motion to decertify the class (Timothy D. Laurent, et al. v. PricewaterhouseCoopers LLP, et al., No. 06-cv-2280, S.D. N.Y.)....