In 2016, the top 10 class-action settlements in lawsuits brought under the Employee Retirement Income Security Act totaled $807.4 million, according to the 13th edition of the Workplace Class Action Report, published by the law firm Seyfarth Shaw.
That was down from the previous two years. The top 10 settlements totaled $926.5 million in 2015, and $1.31 billion in 2014.
The largest settlements in 2016 were dominated by so-called church plan cases, which question whether or not pension plans sponsored by religiously affiliated hospital conglomerates are exempted from ERISA's fiduciary requirements.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
- Exclusive discounts on ALM and Treasury & Risk events.
- Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
*May exclude premium content
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
