Iowa Concrete Co. Settles ERISA Suit

Law360, New York (February 20, 2009, 12:00 AM EST) -- A federal judge has certified a 91-member class and given preliminary approval to a settlement in an Employee Retirement Income Security Act suit against Standard Ready Mix Concrete LLC.

On Friday, Judge Mark W. Bennett of the U.S. District Court for the Northern District of Iowa signed off on the class, which consists of all employees of Sioux City, Iowa-based Standard Ready Mix Concrete who have not accrued benefits since a change in the company's pension plan in 2002.

While observing that the class was on...
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