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When it comes to pension reform, it seems as though Congress is gridlocked, the courts are confused and corporations are caught in a litigation vortex. The recent class action against IBM over its revised pension plan was just a preliminary murmur in the legal countdown. As corporations seek to escape the high costs of federal regulations, dozens more are facing similar lawsuits for altering their plans. Potential liability costs could run into the billions.
September 28, 2004 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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