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Case overview
1:12-cv-00611
Virginia Eastern
Labor: E.R.I.S.A.
Class Action
Liam O'Grady
A Virginia federal judge preliminarily approved a $4.7 million settlement Monday in a class action brought by an ex-Bureau of National Affairs Inc. employee who claimed 401(k) plan participants were kept in the dark before the announcement of Bloomberg LP's $990 million deal to acquire BNA.
A Virginia federal judge on Monday certified a class action by a former Bureau of National Affairs Inc. employee alleging the news agency's management failed to inform retirees in early 2011 about Bloomberg LP's then-pending $990 million acquisition of BNA.
A former Bureau of National Affairs Inc. employee brought a putative class action against the news agency's principals Monday in Virginia federal court, alleging they failed to inform retirees adequately last year about Bloomberg's pending $990 million bid for BNA, in violation of the Employee Retirement Income Security Act.