Continental Automotive Settles Pension Class Action

Continental Automotive Inc. agreed to recalculate the pension benefits of about 60 workers and retirees, resolving a class action accusing the company of underpaying benefits (West v. Cont’l Auto., Inc., W.D.N.C., No. 3:16-cv-00502, motion for preliminary settlement approval filed 8/25/17).

The deal, announced in settlement papers filed Aug. 25, requires Continental to recalculate workers’ pension benefits to credit them for time they spent waiting to see if they’d be recalled into employment after a layoff. This is the “principal relief” sought by the lawsuit against the German auto parts manufacturer with operations in North Carolina, settlement papers indicate. ...