PepsiCo Secures Partial Win In ERISA Class Action

Law360, New York (August 11, 2010, 7:38 PM EDT) -- A judge has issued a mixed ruling in a suit brought against PepsiCo Inc.’s pension plan by a class of employees who allege the soft drink maker violated the Employee Retirement Income Security Act when it changed the interest rate on investments the plaintiffs held under the plan.

Judge Cathy Seibel of the U.S. District Court for the Southern District of New York on Monday dismissed with prejudice the plaintiffs’ two-count ERISA complaint as it related to money they deferred into retirement funds after a 1997...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.