$2.4M Raydon ERISA Settlement Comes Up Short

Law360 (February 17, 2021, 5:25 PM EST) -- A Florida federal judge denied Raydon Corp.'s bid to settle an ERISA class action over a benefit plan's stock purchase for $2.4 million Wednesday, agreeing with a magistrate judge that two class members aren't entitled to $10,000 awards under recent Eleventh Circuit precedent.

U.S. District Judge Wendy Berger said she "agrees entirely" with U.S. Magistrate Judge Gregory Kelly's take that a September ruling from the Eleventh Circuit bars Stephanie Woznicki and Briana Tatum from collecting service awards in exchange for lending their names to the case as purported class representatives. 

The class' attorneys sought service awards for both Woznicki, a former...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!