US Bank Retirees Can't Get Class Cert. In Minn. ERISA Suit
Law360 (May 18, 2021, 5:06 PM EDT) -- A group of about 3,300 U.S. Bank retirees can't get class certification in an Employee Retirement Income Security Act lawsuit claiming they were shortchanged on early retirement benefits, a Minnesota federal judge ruled Tuesday.
In an order denying the certification bid, U.S. District Judge Paul A. Magnuson pointed to the retirees' expert's finding that roughly 250 of the proposed class members actually received adequate benefits. Therefore, "because some class members were not injured, the class is not similarly situated" enough to qualify for certification, he wrote.
If the retirees wanted Judge Magnuson to turn their case into a class action, they...
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!