Judge approves $179M settlement for AK Steel retirees
Headline Legal News
U.S. District Judge Timothy Black has approved a previously disclosed $179 million settlement and entered a final judgment in a dispute between AK Steel and retirees at its Butler, Pa., steel plant.
The AK Steel retirees had filed a class-action lawsuit in June 2009 to stop the company from making changes to their health insurance benefits. It had started making retirees pay a portion of their premiums in January 2010.
West Chester-based AK Steel is the largest Dayton-area company, with more than $4 billion in revenue.
Under the terms of the settlement, AK Steel will continue to pay for the benefits through 2014 and also pay $91 million to two trusts to cover future benefits for hourly and salaries retirees.
In return, the company has been relieved of liability for any benefits after 2014, and the lawsuit was dismissed.
Related listings
-
Court: Couple Can't Have Adult Child's Records
Headline Legal News 01/03/2011An Iowa couple cannot have access to their adult child's physical and mental health records after being denied visitation with their grandson, the Iowa Supreme Court ruled Thursday.The court issued its ruling in the Plymouth County case between Jerry...
-
Mont. Supreme Court considers access restrictions
Headline Legal News 12/19/2010The Montana Supreme Court is considering restrictions to public access of certain information now available throughout the court system, including a proposal to seal all documents filed in family law cases except for final orders. Freedom of informat...
-
Searchers seek gunman in Utah ranger shooting
Headline Legal News 12/16/2010Searchers combed the rugged red rock terrain near Moab for a third day Monday in their hunt for a possibly armed and dangerous man they believe was involved in the shooting of a Utah park ranger.The target of their manhunt was Lance Leeroy Arellano, ...
Any contracts or any transactions can go awry at any time
We know your business means a lot to you and want to understand all the aspects of your business so that we can help you in the best ways possible. We don’t discriminate depending on the size of your company. Our mission statement is to represent all business owners and entrepreneurs by navigating them through the rough waters of business litigation and guiding them to success.
We are attorneys who want to make sure we understand your business objectives and goals before we start providing you with legal counsel individualized to your business. We know what it means to be dedicated to your business. After all, we are a business as well. And just like you, we want to provide the best service we can to our clients.
Any contracts or any transactions can go awry at any time. Sometimes, making important business decisions without legal help from business attorneys could cost you your business.We don’t want you or your business to be misconstrued by anyone. Our attorneys make sure that we communicate with you often to make sure we are giving you the legal guidance you need at all times. We make sure we are responsive in a timely-manner with every single one of our clients to help them identify risks and prevent legal battles before they arise.