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Case ID: 4318 | Employment | 06/28/2005
A $2.9 million settlement was awarded to end claims by former AOL Time Warner Inc. employees who allege the media giant failed to annualize partial years of service in calculating their pension benefits. The settlement was approved June 7 by the U.S. District Court for the Southern District of New York.
The court said the $2.9 million was fair given that the "best-case scenario" was that the employees would receive $16 million if they fully litigated their claims, and it appeared likely that the employees' claims would ultimately turn out to be meritless. The lawsuit, which named multiple AOL Time Warner companies as defendants, claimed the company violated the Employee Retirement Income Security Act when it failed to calculate pension benefits following the language of the companies' various pension plans. The pension plans at issue provided that employees' benefits would be calculated based on their average annual compensation for the five years prior to the time they left their employment. Under the plans' terms for calculating an employee's average salary, if an employee worked less than a full calendar year, the employee's compensation for that year was to be annualized according to a set formula. The settlement requires compensation to nearly 10,000 employees. At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Employment Cases of Interest A class action lawsuit has been filed in United States District Court for the Southern District of Florida against Southeast Medical Financial Systems, Inc. The case involves violations of federal labor law. No additional information about the substance of the allegations is available at this time. Classactionamerica.com will monitor this case and provide additional details as soon as they become available. A class action lawsuit has been filed in the Chancery Division of Cook County (Chicago) Superior Court against Illinois based retailer Sears Roebuck & Co. The case was brought by the Central Laborers Pension Fund and may involve the company’s benefit plans. No additional information about the substance of the allegations is available at this time. Classactionamerica.com will monitor this case and provide additional details as soon as they become available. A national collective action has been filed in Florida against the Eckerd Corporation. The action is brought on behalf of all past and present employees of Eckerd who are or were employed, since July 30, 2000, as photo lab managers and who were not paid overtime. The action is brought under the federal Fair Labor Standards Act and seeks back-pay, liquidated damages and injunctive
and declaratory relief. As a collective action, potential claimants must "opt-in" to the action in order to be considered part of the class. The managers have requested that the court give notice to all potential claimants in this matter.
Wal-Mart faces yet another lawsuit filed by employees, this time lawyers claim that retail giant Wal-Mart has broken Massachusetts law more than 1 (m) million times by shortchanging workers. A company is caught engaging in anticompetitive behavior, either state or federal antitrust law may be used against it. A class action has been filed against Medco Health Solutions, Inc. and Merck & Company on behalf of California pharmacists, who allege that the companies engaged in anticompetitive behavior in violation of state antitrust law. A class action lawsuit has been filed in the Southern District Court of Florida against Rones, Inc DBA La Pizzeria. The case involves violations of the Fair Labor Standards Act (FLSA). No additional information about the substance of the allegations is available at this time. Classactionamerica.com will monitor this case and provide additional details as soon as they become available. |
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