AK Steel’s $2.5M ERISA Payout To Spouses Gets Court OK

Law360, Washington (November 25, 2013, 4:56 PM EST) -- An Ohio federal judge on Friday approved a $2.5 million class action settlement in an Employee Retirement Income Security Act brought by surviving spouses of AK Steel Corp. workers accusing the company of wrongly decreasing their spousal pension benefits.

The settlement, which stipulates that AK Steel pay $800,000 in plaintiff attorneys’ fees and $1.7 million to class members, comes about five years after the court certified the class. A trial in the case had been scheduled last year but was postponed after the parties entered mediation, court...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Patrick et al v AK Steel Corporation, et al.


Case Number

1:05-cv-00681

Court

Ohio Southern

Nature of Suit

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

Judge

Michael R. Barrett

Date Filed

October 20, 2005

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.