LAWSUITS NEWS & LEGAL INFORMATION
$9.5M Settlement Reached for Former Owens-Illinois Employees
This is a settlement for the Employment lawsuit.
Los Angeles, CA: A $9.5 million employment class action settlement has been approved by US District Court Judge Robert D. Mariani, ending a decade-long dispute between former Owens-Illinois (O-I) employees and the company. The lawsuit represents 100 long-service terminated employees who were denied subsidized retirement benefits when the business they worked for was sold by O-I .
In 2010 the case was certified as a class action and had proceeded through full pre-trial discovery. The settlement provides a lump sum tax-deferred payment to each of the 100 class members from the pension plan, in addition to the regular retirement benefit. It also represents the successful conclusion of seven years of litigation over the entitlement to the special retirement benefit.
Published on Oct-31-14
In 2010 the case was certified as a class action and had proceeded through full pre-trial discovery. The settlement provides a lump sum tax-deferred payment to each of the 100 class members from the pension plan, in addition to the regular retirement benefit. It also represents the successful conclusion of seven years of litigation over the entitlement to the special retirement benefit.
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