Solvay Beats Class Action Over Pension Plan Changes

Law360, New York (October 12, 2011, 8:26 PM EDT) -- A Wyoming federal judge on Tuesday threw out the final claim in an Employee Retirement Income Security Act suit brought by a class of Solvay Chemicals Inc. employees over changes to the chemical producer’s pension plan.

U.S. District Judge Alan B. Johnson awarded judgment and costs in favor of Solvay, finding the Houston-based company did not intentionally fail to state how early retirement benefits were calculated under the old pension plan when it gave notice that the company would switch to a new retirement plan in...
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