We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Judge Certifies Class In ERISA Suit Against Schering

Law360 (September 30, 2008, 12:00 AM EDT) -- A federal judge on Monday granted class action status to a five-year-old ERISA case that alleges Schering Plough Corp. and its fiduciaries misled employees about the value of its own stock, causing them to invest their pensions in securities that ultimately lost tens of millions in value.

Agreeing with a magistrate judge's report on the case, Judge Katharine S. Hayden of the U.S. District Court for the District of New Jersey wrote that the class will consist of all persons who were participants in or beneficiaries...
To view the full article, register now.
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.