Ex-AK Steel Workers Entitled To Benefits, 6th Circ. Says

Law360, New York (March 29, 2013, 3:43 PM EDT) -- The Sixth Circuit ruled Thursday that AK Steel Corp.'s pension plan must pay benefits to a class of laid-off workers, rejecting the company's argument that the workers had signed away their rights in severance agreements.

AK Steel contended in its appeal that the former employees had signed severance agreements containing a release that blocked the class’s claims against the plan, but the Sixth Circuit upheld an Ohio federal judge's decision to certify the class as well as the lower court's conclusion that the broad language of...
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