May 11, 2020
Paper manufacturer Verso Corp. is using a soon-to-be-finalized ERISA settlement to make good on an allegedly broken promise to fund about 70 retirees' life insurance policies, according to documents filed in Ohio federal court.
July 03, 2018
An Ohio federal magistrate judge on Tuesday declined to grant a quick win to a putative class of retired members of the United Steelworkers union in their suit accusing Verso Corp. of breaking a promise to provide them life insurance benefits for life, but said the class could potentially try again later.
March 15, 2018
Verso Corp. asked an Ohio federal court Wednesday to end a putative class action filed by retired members of the United Steelworkers union who said the company had broken a promise to provide them life insurance benefits for life, asserting that the parties' contract made no such guarantee.