NJ Hospital, Nurses Reach Tentative Deal In ERISA Suit

Law360, New York (June 8, 2017, 7:32 PM EDT) -- St. Joseph's Healthcare System has reached a tentative settlement with nurses in a putative consolidated class action alleging the medical center violated the federal Employee Retirement Income Security Act by underfunding an employee pension plan by at least $183 million, according to documents filed in New Jersey federal court Thursday.

U.S. District Judge John Michael Vazquez on Thursday directed the court to reopen the proposed class action following a Wednesday notice of settlement from lawyers for St, Joseph's Healthcare System Inc. and St. Joseph's nurse Donna Garbaccio. The notice says the settlement will be executed on July 6, and will be...

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