Steelmaker's $3.5M Wage Settlement Gets Thumbs-Down

Law360, New York (August 1, 2013, 5:03 PM EDT) -- A California federal judge on Thursday swatted away a proposed $3.5 million agreement to settle a wage-and-hour class action against steel product manufacturer USS-Posco Industries, finding the settlement may contain “obvious deficiencies” and could disadvantage certain class members.

U.S. District Judge Jon S. Tigar declined to give his preliminary approval to the settlement, which was proposed by former UPI worker Carl Cordy. The judge said Cordy's attorneys had failed to prove that the $3.5 million settlement total was in line with what the plaintiffs might have...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Cordy v. USS-Posco Industries et al


Case Number

3:12-cv-00553

Court

California Northern

Nature of Suit

Labor: Other

Judge

Jon S. Tigar

Date Filed

February 2, 2012

Law Firms

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.