By Carolina Bolado

Law360, New York (February 06, 2012, 8:26 PM ET) -- Continental Automotive Systems US Inc. on Monday agreed to pay $24 million to end two class actions by retired auto workers seeking to enforce benefits agreements made when Continental's predecessor bought a Huntsville, Ala., facility from DaimlerChrysler Corp.

U.S. District Judge Lynwood Smith certified a class of retirees who worked at Chrysler's electronics facility in Huntsville and preliminarily approved a settlement under which Continental agreed to pay $23.8 million into a retirement benefits trust established by a collective bargaining agreement between Chrysler and the United Auto...