Settlement Near In Duke Energy ERISA Class Action

Law360, New York (October 13, 2010, 12:33 PM EDT) -- Citing news of a settlement, a federal judge has stayed pending motions in a class action lodged by workers who accuse Duke Energy Corp. of shortchanging them on lump sum retirement benefit payments and of chiseling them out of their due interest on retirement account cash balances.

The parties were given 45 days to come up with a final settlement in the Employee Retirement Income Security Act case, according to a text order issued Tuesday by Judge J. Michelle Childs of the U.S. District Court for...
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