Pepsi Settles Lawsuit Over Deficient Health Plan Notices

PepsiCo Inc. and a former employee have resolved claims over allegedly legally deficient notices the company sent to terminated workers about their right to stay on the company’s health plan, the parties told a federal court in New York.

Kevin Riddle and PepsiCo are finalizing their settlement agreement and will dismiss the case shortly, according to a notice docketed in the U.S. District Court for the Southern District of New York on Thursday.

Riddle accused Pepsi of violating the Consolidated Omnibus Budget Reconciliation Act, the federal law requiring employers with 20 or more employees to allow workers to continue their ...