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Del Sesto et al v. Prospect CharterCARE, LLC et al

  1. October 26, 2023

    Final Groups In RI Hospital Pension Plan Suit Reach Deal

    The final defendants named in a 5-year-old class action reached a $2.5 million settlement in an Employee Retirement Income Security Act suit over an embattled retirement plan for hospital workers, according to a filing in Rhode Island federal court.

  2. October 10, 2019

    $11M ERISA Deal Over Hospital Pension Plan Wins OK

    A Rhode Island federal judge has given his final approval to an $11.15 million settlement in an Employee Retirement Income Security Act class action over an embattled retirement plan for hospital workers, rejecting claims that the deal resulted from "naked collusion."

  3. September 30, 2019

    $4.5M Deal In Hospital Pension Dispute Gets Judge's Final OK

    A Rhode Island federal judge gave his final approval Monday to a $4.5 million deal allowing the CharterCare Foundation to exit a proposed Employee Retirement Income Security Act class action over an embattled retirement plan for Rhode Island hospital workers, overruling objections from the non-settling defendants.

  4. August 28, 2019

    RI Hospital's $11M ERISA Deal 'Naked Collusion,' Court Told

    An $11.15 million settlement in a proposed class action against Prospect Medical Holdings and others over an embattled hospital retirement plan resulted from "naked collusion" and shouldn't be approved, the hospital operator has told a Rhode Island federal court. 

  5. June 07, 2019

    RI Hospital Pension's $11M ERISA Deal Clears Hurdle

    A Rhode Island federal judge has given initial approval to an $11.15 million settlement in an Employee Retirement Income Security Act class action over an embattled retirement plan for Rhode Island hospital workers, but will let those who objected to the deal dig further into its propriety.

  6. January 22, 2019

    Hospital Retirement Plan's Receiver Defends $11.15M Deal

    An $11.15 million settlement in an Employee Retirement Income Security Act class action over an embattled retirement plan for Rhode Island hospital workers should be approved, the receiver for the plan asserted Monday, ripping objections to the agreement from other parties to the suit.

  7. January 07, 2019

    Nonprofit Inks $4.5M Deal Over Hospital Retirement Plan

    The CharterCare Foundation has agreed to pay $4.5 million to exit a proposed Employee Retirement Income Security Act class action over an embattled retirement plan for Rhode Island hospital workers, according to filings in federal court.

  8. December 05, 2018

    Prospect CharterCare Looks To Ax Suit Over Retirement Plan

    Health care facility operator Prospect CharterCare LLC and other parties urged a Rhode Island federal judge to nix a suit alleging a now-insolvent defined benefit retirement plan wrongly claimed religious exemption and was severely underfunded, calling the suit "deeply misguided."

  9. September 14, 2018

    Actuary Blasts 'Soap-Operatic' Suit Over Retirement Plan

    A third-party pension administration firm on Friday urged a Rhode Island federal judge to nix a suit alleging a now-insolvent defined benefit retirement plan wrongly claimed a religious exemption and was severely underfunded, saying the proposed class had suffered no injury despite the "soap-operatic tale of wrongdoing" it spun in its complaint.

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