Beth Israel Settles ERISA Class Action for $2.9 Million

Plaintiffs alleged Defendants breached their fiduciary duties pursuant to the Employee Retirement Income Security Act of 1974 by selecting and retaining risky and underperforming investment options in the Plan and allowing Plan participants to be charged unreasonably expensive investment management fees, resulting in significant losses.

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Norwegian Salmon Antitrust Case Nets $33 Million Settlement

On October 6, 2022, a proposed class of indirect salmon buyers obtained a class-wide settlement of $33 million to resolve antitrust claims against Norwegian salmon producers, alleging that they inflated farm-raised salmon prices in the United States. In the preliminary approval motion, counsel for the Settlement Class indicated that the settlement is “an excellent result for the class” since it would avoid lengthy litigation and the uncertainties of prosecution against foreign defendants.

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MLB Will Pay Minor League Baseball Players $185 Million to Settle a Wage and Hour Class Action Lawsuit

On August 26, 2022, Chief Magistrate Judge Joseph C. Spero of the United States District Court for the Northern District of California preliminarily approved a $185 million settlement between classes of minor league baseball players and Major League Baseball and its 30 member Clubs in a wage and hour class action lawsuit that proceeded for more than eight years.

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Cintas Corporation files Petition for Writ of Certiorari after Sixth Circuit Appeal is Denied

On September 8, 2022, Cintas Corporation filed a petition for a Writ of Certiorari after the United States Court of Appeals for the Sixth Circuit affirmed the Southern District of Ohio’s denial of a motion to compel arbitration. The Sixth Circuit upheld the District Court’s determination that the defined contribution Cintas Partners’ Plan had not consented to arbitration and, therefore, did not fall within the parameters of the arbitration agreement that Plaintiffs had signed.

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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., the Compensation and Benefits Committee of Zachry, and Does 1-20. The lawsuit was brought on behalf of participants and beneficiaries of ZHI 401(k) Retirement Savings Plan.

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