A federal judge gave final approval Monday to a nearly $5.1 million settlement arising from a class action against Wal-Mart by the estates of 73 former employees in Oklahoma. The plaintiffs had sued to recover life insurance benefits they said Wal-Mart wrongfully received upon the employees' deaths. A lawyer for the plaintiffs said that while it may seem unusual that an employer would name itself the beneficiary of life insurance policies covering thousands of employees, the situation is not that uncommon.
December 06, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Wal-Mart has settled a nearly $5.1 million class-action lawsuit brought by the estates of 73 former employees in Oklahoma.
A federal judge in Tulsa gave final approval Monday to the settlement, which calls for about a third of the money to go to the plaintiffs’ attorneys and for each of the plaintiffs to receive about $35,000 to $50,000.
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