Mack Trucks and its corporate parent, Volvo, have agreed to pay $525 million to settle a class action suit brought by more than 9,300 Mack retirees to challenge threatened reductions to their lifetime health benefits.
Senior U.S. District Judge R. Barclay Surrick has granted preliminary approval of the settlement in Mack Trucks Inc. v. United Auto Workers and has scheduled a hearing for Sept. 7 to consider whether it is fair and reasonable.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]