Mack Trucks & Volvo Class Action Settlement of Retiree Lifetime Health Benefit Class Action Lawsuit.
A proposed $525 million class action settlement has been reached in a class action lawsuit against Mack Trucks Inc. (“Mack Trucks”) and its parent company AB Volvo (“Volvo”) (collectively “Defendants”) in the United States District Court for the Eastern District of Pennsylvania (styled Rachilla et al v. Mack Trucks Inc et al, Class Action Case No. 07-03737), brought on behalf of a putative class of Mack Trucks retirees alleging, among other things, that Mack Trucks illegally reduced lifetime health benefits, according to Mack Trucks & Volvo Retiree Lifetime Health Benefit class action settlement news reports.
The Mack Trucks & Volvo settlement of the retiree lifetime health benefit class action lawsuit reportedly provides that Volvo will pay $525 million into a trust to fund a new health care plan to be run by Voluntary Employees Beneficiary Association.
If You Have Thoughts On The Mack Trucks & Volvo Retiree Lifetime Health Benefit Class Action Lawsuit Settlement, Share Your Class Action Settlement Comments Below.