Bloomberg Law
Jan. 23, 2018, 4:35 PM UTC

Employee Benefit Class Settlements Gleaned Over $500M in 2017

Jacklyn Wille

Workers who sued their employers under the federal law that governs employee benefits raked in $529 million in 2017 through class settlements in more than 30 cases.

None of the deals agreed to in 2017 was quite as splashy as the $352 million settlement Providence Health workers submitted for court approval in 2016, but the year’s biggest settlements were hefty nonetheless. Hospital workers who challenged Franciscan Missionaries of Our Lady Health’s pension plan scored 2017’s largest ERISA settlement ( nearly $126 million), and Bon Secours and JPMorgan agreed to $98.3 million and $75 million deals, respectively.

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