Automaker Continental To Shell Out $24M In ERISA Settlement

Law360, New York (February 6, 2012, 8:26 PM EST) -- Continental Automotive Systems US Inc. on Monday agreed to pay $24 million to end two class actions by retired auto workers seeking to enforce benefits agreements made when Continental's predecessor bought a Huntsville, Ala., facility from DaimlerChrysler Corp.

U.S. District Judge Lynwood Smith certified a class of retirees who worked at Chrysler's electronics facility in Huntsville and preliminarily approved a settlement under which Continental agreed to pay $23.8 million into a retirement benefits trust established by a collective bargaining agreement between Chrysler and the United Auto...
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Case Title

International Union et al v. Continental Automotive Systems U.S., Inc.


Case Number

5:10-cv-02440

Court

Alabama Northern

Nature of Suit

720(Labor: Labor/Mgt. Relations)

Judge

Judge C Lynwood Smith, Jr

Date Filed

September 10, 2010


Case Title

Beaty et al v. Continental Automotive Systems U.S., Inc.


Case Number

5:11-cv-00890

Court

Alabama Northern

Nature of Suit

720(Labor: Labor/Mgt. Relations)

Judge

Judge C Lynwood Smith, Jr

Date Filed

March 7, 2011

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