AK Steel Tells 6th Circ. Its Ex-Workers Gave Up Benefits

Law360, New York (March 5, 2012, 4:39 PM EST) -- AK Steel Holding Corp. urged the Sixth Circuit on Friday to overturn a $3 million award in favor of a class of laid-off workers in a suit over pension benefits, arguing the former employees had signed away their rights in severance agreements.

In a brief filed Friday, AK Steel argues that an Ohio federal judge erred in ruling in the class's favor. The company contends that the ex-employees signed severance agreements containing a release that was unambiguous and clearly blocked the class’s claims against the company’s...
To view the full article, register now.

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.