Settlements and Verdicts

GE Retirement Class Action Settled

A $40 million settlement was approved this week by a federal judge, in the class action against GE. The lawsuit, brought by company retirees, alleged that GE's decision to use company stock as an investment and matching contribution in its retirement program was not economically prudent.

More than 318,000 potential class members received notices by mail. Each retiree who claimed financial damages as a result of the stock compensation, could receive up to $5,000 in damages.

GE also agreed to make another $30 million in "structural changes" to the retirement plan.

AUG-13-09: Settlement, Legal Fees OK'd in GE Retirement Class Action [LAW.COM: GE RETIREMENT CLASS ACTION SETTLED]

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below.

Related Law Suits

GE Reitrement Class Action Settled Law Suit and Settlement

Cintas Settles Overtime Class Action for $22.75 Million Law Suit and Settlement

Settlement Proposed in Fomoco ERISA Class Action Law Suit and Settlement

Costco Faces $50 Million Overtime Class Action Law Suit and Settlement

UPS Faces Fair Labor Wages Class Action Law Suit and Settlement

Taylor Bean Faces Federal WARN Class Action Law Suit and Settlement

Moody International Facing Unpaid Overtime Class-Action Law Suit and Settlement

Casey’s Wage and Hour Class Actions Law Suit and Settlement

Age Discrimination Law Suit and Settlement

Utica, NY Law Suit and Settlement

See more stories from this source.

Class Action Law Suits

Newsworthy Law Suits
Defective Products Lawsuits
Discrimination Lawsuits
Drug & Medical Claims Lawsuits
Food & Dietary Supplement Lawsuits
Insurance Lawsuits
Malpractice Lawsuits
Personal Injury Lawsuits
Real Estate Lawsuits
Investment Fraud Lawsuits

Related Law Articles

Employment Contracts
General Contract Law Principles

Employee Lawsuits (An Introduction and Topic Overview)
How employers can cope with the siege of employee lawsuits

Employee Lawsuits: Negligent Hiring and Retention
Employers must check references, criminal records, other background material.

is===1

Related Law Questions

Can a former employee use photographs of jobs completed whie working for me in marketing material for a new business?
There are several issues here

1. Sub contractor started up a compe...

I have worked for this employer for only three weeks. The employer makes up his own rules as to what he chooses to report for the purpose of property taxes. He tells me to "let them come after us". He defines Entertain
He arrogantly insists, "let them come after us." Well, if you are invo...

I was fired on June 3, 2002 in Massachusetts because I reported discriminatory behavior by the employer towards a particular nationality. In July I filed a discrimination/retaliation complaint against the employer with t
It seem sin your case that the fact you filed the complaint prior to being dissa...

What can be done to stop "Harry T. Keane Jr" from persuig his Entertainment Fraud Business ?
Harry Keane in the Dallas Tx area is a fraud. He cannot tell the truth. His whol...

How can an employer defend themselves for firing an employee who contends the company exposed him to hazardardous atmospheres although medical testing has been negative?
You'll need to contact OSHA to determine your responsibility as far as the work ...

Related Law Bulletins

Summary Judgement for Dismissal of Personal Injury Lawsuits Require Establishment that Defendant didn't Create the Dangerous Condition of have actual or Constructive Notice of its Existence.
After picking up lunch from the deli counter of a local ...

Should I Sue? Examining the Complex Question and the Role Apologies Play in Medical Malpractice Lawsuits
WBUR examines the medical apologies issue: On WBUR, a Boston NPR s...

Bill Proposes to Allow Sex Abuse Victims to File Injury Lawsuits in Maryland
In Maryland, Baltimore County legislator Eric M. Bromwell has intr...

Customers voluntarily dismiss Taco JohnÂ’s from E. coli lawsuits ...
Taco John's has been dismissed from a set of vicarious liability ...

U.S. Supreme Court Deals Blow to Lawsuits Against Defective Products
Last week, the U.S. Supreme Court ruled that private lawsuits agai...

Lawyers! Become an Approved Expert to Answer Questions.

Apply Now!
You'll get lots of targetted traffic to your website and new client leads!