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Continental, 401(k) Plan Participants Get $25M Deal OK'd

Law360 (June 8, 2018, 9:41 PM EDT) -- An Illinois federal judge granted preliminary approval Thursday to a proposed $25 million settlement between Continental Casualty Co., fiduciaries to its 401(k) plan and a class of plan participants who accused the company of breaching federal benefits laws by canceling a group annuity contract that was one of the plan's investments.

U.S. District Judge Gary Feinerman told parties in the suit launched by Jerrold Dollins that he found the proposed deal, which plans to compensate CNA 401(k) Plus Plan participants by depositing their pro rata recoveries...
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Case Information

Case Title

Dolins et al v. Continental Casualty Company


Case Number

1:16-cv-08898

Court

Illinois Northern

Nature of Suit

791(Labor: E.R.I.S.A.)

Judge

Honorable Gary Feinerman

Date Filed

September 14, 2016

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