Ryder Systems Strikes Deal After Early Loss in COBRA Notice Suit

Ryder System Inc. will settle a proposed class action claiming it sends legally insufficient COBRA notices informing former workers of their right to keep their company-provided health coverage, according to a notice filed in Florida federal court.

Ryder and plaintiff James Thompson III struck a deal after a Jan. 23 mediation session and plan to submit the settlement for court approval by March 1, they said in a joint notice filed Monday in the US District Court for the Southern District of Florida.

The move comes three months after Judge Cecilia M. Altonaga declined to dismiss the case. She ruled ...