Alcatel Again Escapes NJ Suit Over $1.2B Pension Transfer
Law360 (October 10, 2018, 7:47 PM EDT) -- A New Jersey federal judge on Wednesday tossed a lawsuit against Alcatel-Lucent from two unions and four onetime company employees over its combined transfer of roughly $1.2 billion and thousands of members between pension plans, finding that the plaintiffs lacked standing and did not state viable claims under the Employee Retirement Income Security Act.
Nearly two years after nixing a previous version of the suit, U.S. District Court Judge Claire C. Cecchi granted Alcatel-Lucent USA Inc.'s motion to dismiss a second amended complaint, saying the unions and former workers "have failed to state a claim upon which relief may be granted"...
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