A final settlement of $57 million has been agreed to in Spano v. Boeing Inc., a landmark fee case filed under the Employee Retirement Income Security Act.
The case was settled last August just as it was scheduled to go to trial, almost 10 years after the claim was originally filed.
It is the second largest ERISA settlement on the books, after a $62 million settlement was agreed to in July in Abbott v. Lockheed Martin Inc. Plaintiffs in both cases were represented by St. Louis-based Schlichter, Bogard and Denton.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
