Law360 (November 16, 2010, 3:58 PM EST) -- Bay Environmental Management Inc., a garbage company that was acquired by waste giant Republic Services Inc., and its financial advisers have agreed to pay $1.9 million to settle a class action alleging they imprudently invested retirement plan assets.
Judge Samuel Conti of the U.S. District Court for the Northern District of California preliminarily approved the settlement Monday. The lawsuit alleged the defendants violated the Employee Retirement Income Security Act.
The 100 or so class members are former workers of Bay Environmental and other affiliated garbage companies, according to Teresa Renaker, their attorney. Renaker's firm, Lewis Feinberg Lee Renaker & Jackson PC,...
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!