American Airlines Pilot Pension Settlement Gets Final OK
Law360, New York (February 15, 2017, 7:27 PM EST) -- A Massachusetts federal judge on Wednesday gave the final green light to a cash and stock deal worth nearly $6.5 million that resolves American Airlines pilots’ class action claims that the airline’s pension plan didn’t contribute enough to their retirement plans while they were serving in the military.
U.S. District Judge Indira Talwani granted final approval to the settlement, which consists of $500,000 in cash and nearly 137,000 shares of American Airlines Group Inc. stock currently worth about $6.4 million and will benefit more than 1,200 American Airlines pilots, according to a news release from class counsel and the class representative....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!