Foot Locker Says Retirement Plan Complaints Too Late

Law360, New York (September 28, 2012, 7:33 PM EDT) -- Foot Locker Inc. on Friday asked a New York federal judge to throw out a putative class action alleging it illegally changed its employee retirement plan, arguing that employees failed to complain about the 1996 amendment in time.

The plaintiff, former Foot Locker employee Geoffrey Osberg, has waited too long to raise issues with the company's 1996 change to a “cash balance” plan, a move that allegedly diminished some employees' retirement funds, lawyers for the shoe retailer said at oral arguments before U.S. District Judge Katherine...
To view the full article, register now.

Related

Sections

Case Information

Case Title

Osberg v. Foot Locker, Inc. et al


Case Number

1:07-cv-01358

Court

New York Southern

Nature of Suit

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

Judge

Katherine B. Forrest

Date Filed

February 23, 2007

Law Firms

Companies

Government Agencies

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.