Request Legal Help Now - Free
LAWSUITS NEWS & LEGAL INFORMATION

$9.5M Settlement Reached for Former Owens-Illinois Employees


This is a settlement for the Employment lawsuit.

Los Angeles, CA: A $9.5 million employment class action settlement has been approved by US District Court Judge Robert D. Mariani, ending a decade-long dispute between former Owens-Illinois (O-I) employees and the company. The lawsuit represents 100 long-service terminated employees who were denied subsidized retirement benefits when the business they worked for was sold by O-I .

In 2010 the case was certified as a class action and had proceeded through full pre-trial discovery. The settlement provides a lump sum tax-deferred payment to each of the 100 class members from the pension plan, in addition to the regular retirement benefit. It also represents the successful conclusion of seven years of litigation over the entitlement to the special retirement benefit.

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please fill in our form.
Published on Oct-31-14


ADD YOUR COMMENT ON THIS ISSUE

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.
Request Legal Help Now! - Free