Cigna Ordered To Reform Pension Plan In Long-Running Suit

Law360, Los Angeles (December 21, 2012, 9:16 PM EST) -- A Connecticut federal judge on Thursday ordered Cigna Corp. to make changes in its retirement plan and also denied the health care company's bid to decertify a class of roughly 25,000 workers in a long-running lawsuit accusing it of shortchanging employee pensions.

In a 38-page ruling, U.S. District Judge Janet Bond Arterton of New Haven, Conn., ruled that Cigna had run afoul of the Employee Retirement Income Security Act by inadequately disclosing changes in the retirement plan and that those changes caused the plaintiffs' pension benefits...
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