7th Circ. Shuts Down Abbott Workers' Benefit Appeal

Law360, New York (February 3, 2012, 3:04 PM EST) -- The Seventh Circuit on Friday refused to revive a proposed class action brought by former Abbott Laboratories Inc. workers, finding the drugmaker did not intentionally interfere with employee pension benefits in a 2004 spinoff of generic division Hospira Inc.

In a unanimous decision, the appeals court affirmed an Illinois federal court judge’s ruling that Abbott’s decision to spin off Hospira, its hospital products division, in 2004 did not violate the Employee Retirement Income Security Act.

The Seventh Circuit found that Abbott and Hospira did not breach...
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.