As many as 150,000 employees and retirees of the former Kmart Corp. would share $11.75 million in a proposed settlement of a lawsuit against ex-company officials over the investment of pension funds in Kmart's now worthless stock. The agreement involves those who participated in Kmart pensions from March 15, 1999, to March 6, 2003. Court documents say the people involved lost between $28 million and $300 million.
November 30, 2005 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
As many as 150,000 employees and retirees of the former Kmart Corp. would share $11.75 million in a proposed settlement of a lawsuit against ex-company officials over the investment of pension funds in Kmart’s now worthless stock.
The agreement involves those who participated in Kmart pensions from March 15, 1999, to March 6, 2003. Court documents say the people involved lost between $28 million and $300 million.
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