Law360, New York (June 06, 2011, 9:01 PM ET) -- The Seventh Circuit on Monday expressed skepticism over a bid by former Abbott Laboratories workers to revive their Employee Retirement Income Security Act class action over the 2004 spinoff of Hospira Inc.
The plaintiffs allege that the spinoff, which involved nearly 15,000 employees in Abbott's hospital products division, was structured to deprive class members of retirement benefits under Abbott's benefit plans.
Among other things, the plaintiffs take aim at a Hospira ban on hiring hospital products division workers who were eligible for and who took early...
7th Circ. Questions Ex-Abbott Workers' ERISA Suit Bid
To view the full article, take a free trial now.
