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.
Click here if you would like to read more about the AK Steel case.
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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