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PricewaterhouseCoopers Retirees Settle Long-Running Pension Suit

Aug. 3, 2022, 3:32 PM

PricewaterhouseCoopers LLP and retirees seeking higher pension benefits reached a tentative settlement to end a 16-year-old class action challenging various aspects of the company’s pension plan, according to a joint filing in the Southern District of New York.

The parties asked Judge J. Paul Oetken to pause their long-running lawsuit so they can prepare a settlement agreement and paperwork to submit the deal for Oetken’s approval. Their joint request, filed Tuesday in the US District Court for the Southern District of New York, doesn’t include details about the deal or a timeline for future proceedings, other than a pledge to ...