Ascension Health Gets OK For $29.5M Deal To End ERISA Suit
Law360, Chicago (January 16, 2018, 3:19 PM EST) -- An Illinois federal judge gave the final nod on Tuesday to a $29.5 million settlement in a class action accusing Ascension Health of violating the Employee Retirement Income Security Act, calling the deal a good result for the class despite a recent adverse U.S. Supreme Court ruling.
U.S. District Judge Gary Feinerman told attorneys for Ascension Health and a class of participants and beneficiaries of the Wheaton Franciscan Retirement Plan — sponsored by Ascension after it acquired Wheaton’s health care subsidiaries in 2016 — that the settlement provided significant benefits for the class to resolve its claims Wheaton improperly used ERISA’s...
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