$20M Settlement Proposed In ERISA Case Involving Change In Control Benefits

(February 22, 2024, 2:59 PM EST) -- ALLENTOWN, Pa. — A proposed $20 million class settlement would give estimated payments of $4,000 to $365,759 to 332 individuals in a case where some allege that they are owed early retirement pension benefits and pension supplements due to a change in control (CIC), the plaintiffs told a Pennsylvania federal court on Feb. 21....