AXA Reaches $2.5M Settlement With Retired Employees

Law360, New York (June 8, 2011, 4:21 PM EDT) -- AXA Equitable Life Insurance Co. on Monday settled a $2.5 million California contract and employment lawsuit brought by a class of almost 11,000 ex-workers who claim the insurer violated employment law when it cut off certain retiree health care benefits.

U.S. District Judge Dale S. Fischer gave his final approval to the deal, which will compensate some 10,625 former AXA workers whose health care became more expensive after AXA capped benefits. Class members who paid more for health care will get higher settlements.

“The court finds...
To view the full article, register now.




Case Information

Case Title

Magaly Eagan et al v. AXA Equitable Life Insurance Company et al

Case Number



California Central

Nature of Suit

Labor: E.R.I.S.A.


Dale S. Fischer

Date Filed

November 30, 2006

Law Firms


UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.