$21.5M Deal Proposed In Partly Revived ERISA Pension Benefits Class Action

Mealey's ( January 2, 2026, 12:24 PM EST) -- RIVERSIDE, Calif. — A long-running Employee Retirement Income Security Act pension benefits class action the Ninth Circuit U.S. Court of Appeals partly revived in November 2024 after a bench trial would be resolved for $21.5 million under a settlement proposal the plaintiff asked a California federal court to grant preliminary approval....