A New York federal judge confirmed that 16,000 Foot Locker pension plan members were entitled to $290 million in benefits following a successful challenge to a cut in their plan. The judge entered an amended final judgment in the long-running case after the U.S. Supreme Court in February denied Foot Locker’s petition, confirming that the retailer must pay $290 million to its pension plan members in the long running Employee Retirement Income Security Act case. Continue reading “Foot Locker Pension Plan Members Recover $290 Million in ERISA Class Action”

The Second Circuit affirmed a district court ruling finding that Foot Locker owes an estimated $100 million-plus in benefits to a class of about 16,000 workers whose retirement benefits it cut.

Continue reading “Foot Locker Owes Retirees over $100 Million”