AK Steel Verdict Final Approval Hearing

AK Steel Verdict Final Approval Hearing

Law360, New York (September 19, 2012, 6:23 PM ET) - An Ohio federal judge on Wednesday approved a $15.8 million settlement for AK Steel Corp. and a group of retirees and their families, resolving class action allegations that the steelmaker violated federal pension law by cutting their health care benefits.

AK Steel will pay $5.2 million to ensure the former workers and their families pay lower insurance premiums until 2016, and will set aside $10.6 million in a trust fund to provide health and welfare benefits to the class members, according to settlement documents.

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If you believe you have a claim involving your former employer or for any class action lawsuit, call Greg Coleman personally at (865) 247-0080 or email greg@gregcolemanlaw.com.

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