Caterpillar Settles ERISA Class Action For $16.5M
Caterpillar and the class of employees filed a joint motion Monday in the U.S. District Court for the Central District of Illinois, seeking approval of the class action settlement.
The settlement requires Caterpillar to deposit $16,500,000 into an interest-bearing escrow account to be paid out after attorneys' fees and administrative expenses. The settlement also requires an independent...
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