Xerox Retirees Get Final Approval for Health Coverage Class Deal

Xerox Corp. received final approval for a class settlement requiring it to pay more than $7.2 million and provide premium-free health coverage and subsidized dental coverage for certain retirees.

The deal allows certain Xerox retirees who are currently receiving health coverage from the company to continue receiving coverage at similar levels for life. Retirees who are no longer enrolled in any Xerox health plan can receive payments from a $7.225 million settlement fund, according to the settlement motion.

Judge Charles J. Siragusa of the US District Court for the Western District of New York granted final approval to the ...