Pharmaceutical maker UCB Holdings Inc. will pay $5.5 million to settle claims that it shortchanged pension benefits for employees of two subsidiaries it acquired in 1994 (Ahrens v. UCB Holdings Inc., N.D. Ga., No. 1:15-cv-00348-TWT, order approving settlement 5/19/17).
The deal, which received final approval from a federal judge on May 19, creates a $5.5 million common fund for the benefit of more than 200 former employees who claimed they didn’t get pension credit for their years of service at Northampton Medical Inc. or Whitby Pharmaceuticals Inc. UCB also agreed that employees who did receive pension credit for ...
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