Sunday, April 18, 2010

I'd say the OEA lost this class action suit filed by its retirees, wouldn't you?

3. What benefits will I receive in the settlement?

"The benefits you will receive in this settlement have two components: compensatory damages and future benefits. As for compensatory damages, the OEA will pay a one time lump sum of $3.75 million for compensatory damages accrued between September 1, 2004 and December 1, 2009. Attorney fees are expected to be paid out of the past damages, leaving $2 million in compensatory damages to distribute to members of the class."

Note from John....to read the entire summary of this class action settlement please click on the link above!
Larry KehresMount Union Collge
Division III
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Vermont Teddy Bear Company