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Miller Shah LLP Secures $3.5 Million Settlement in Coca-Cola ERISA Suit
On August 2, 2022, United States District Judge Frank D. Whitney granted final approval of a proposed $3.5 million settlement (the “Settlement”) in a class action lawsuit brought pursuant to the Employee Retirement Income Security Act of 1974 (“ERISA”) against Coca-Cola Consolidated, Inc. (“Coca-Cola”), formerly known as Coca-Cola Bottling Co. Consolidated, the Coca-Cola Consolidated, Inc. Board of Directors, and the Corporate Benefits Committee of Coca-Cola Consolidated, Inc. (collectively, “Defendants”). The…
Zachry Settles ERISA 401(k) Class Action for $1.875 Million
On August 5th, 2022, the Hon. Judge Elizabeth S. Chestney, United States Magistrate Judge for the Western District of Texas, granted final approval of the settlement agreement reached in a class action lawsuit against Zachry Holdings, Inc. (“Zachry”), the Compensation and Benefits Committee of Zachry (“Committee”), and Does 1-20 (collectively, “Defendants”). The lawsuit was brought on behalf of participants and beneficiaries of ZHI 401(k) Retirement Savings Plan (“the Plan”). According…
AMC Securities Class Action Settlement Information
Miller Shah LLP is pleased to announce that AMC Entertainment Holdings, Inc. (“AMC” or the “Company”), along with certain executives and financial underwriters, have agreed to pay $18,000,000.00 to resolve claims under the federal securities laws in connection with AMC’s acquisition of several other theater operators and the Company’s secondary public offering (“SPO”) of stock in early-2017. The matter is entitled Hawaii Structural Ironworkers Pension Trust Fund v. AMC Entertainment…
Novitex ERISA: Miller Shah Secures a $750,000 Settlement
On September 17, 2021, U.S. District Judge Michael P. Shea granted final approval of a proposed $750,000 Settlement (the “Settlement”) in a class action against Exela Enterprise Solutions, Inc. (“Exela” or the “Company”) and the Novitex Enterprise Solutions Employee Benefits Committee (collectively “Defendants”). The Settlement resolves allegations that Exela breached their fiduciary duties to participants in the Company’s defined contribution 401(k) plan (the “Plan”). Defined contribution plans, like the Plan,…
Miller Shah LLP Secures $8.5 Million Settlement in Safeway ERISA Suit
On July 19, 2021, U.S. District Judge Jon S. Tigar granted final approval of a proposed $8.5 million settlement (the “Settlement”) in a class action lawsuit against Safeway Inc. (“Safeway”), the Safeway Benefit Plans Committee (the “Committee”), and investment advisor Aon Hewitt Investment Consulting, Inc. (“Aon”) (collectively “Defendants”). The Settlement resolves allegations that Defendants mismanaged the Safeway 401(k) defined contribution retirement plan (the “Plan”), damaging the accounts of over 30,000…
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