McCutcheon v. Colgate-Palmolive Co.
Case Number:
20-3225
Court:
Nature of Suit:
3791 LABOR LAWS-Retirement Act 1974
Companies
Sectors & Industries:
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March 13, 2023
2nd Circ. Won't Undo Colgate's $300M Loss In ERISA Suit
The Second Circuit on Monday rejected Colgate-Palmolive's challenge to a $300 million loss in a class action from ex-workers who said they were shorted on lump-sum retirement payouts, saying the language in their retirement plan clearly showed they were entitled to more money.
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April 27, 2021
Colgate Urges 2nd Circ. To Reverse $300M ERISA Suit Loss
Colgate-Palmolive Co. is asking the Second Circuit to upend its loss in a $300 million ERISA class action accusing it of miscalculating retirement benefits, saying the company's interpretation of a calculation-related amendment to its retirement plan was lawful.