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, ...
Car Accident Lawyers in New Rochelle, New York
If you have gotten in a car accident, it could seriously change your life. Whether the accident was caused by the other party’s fault or a fault of your own, you’ll want to to make sure that you are ready to prepare yourself for any cases that might follow.
Immediately following any type of car accident, it is important to take certain steps to ensure that the courts will treat you with respect and fairly. First, assess your mental and physical condition. Make sure right after the accident, you document any information regarding the accident and situation, it can be of great help later on.
You’ll want to make sure that you seek professional help for any medical conditions you may be experiencing. Do not wait to seek medical attention, you’ll want to make sure that you have documented evidence of the injury that was caused by the accident. The amount of treatment is also taken into consideration in every case.