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The lawsuit, initially filed by American Airlines pilot Bryan Spence in 2023, alleged that the company violated the Employee Retirement Income Security Act (ERISA) by putting ESG goals above the ...
The San Diego City Employees' Retirement System had been underfunded in some form for more than a decade. [2] In 2001, as a result of years of sharp increases in pension benefits combined with decreases in pension funding [3] and a decrease in the value of investments, [4] the fund fell below certain funding targets.
Brookdale Senior Living Solutions owns and operates retirement homes across the United States. The company was established in 1978 and is based in Brentwood, Tennessee.It is the largest operator of senior housing in the United States, with over 60,000 residents.
Vi Senior Living is a high-end retirement community developer, owner, and management group based out of Chicago, Illinois, United States.Vi maintains 10 continuing care retirement communities (CCRCs) in six states, including Arizona, California, Colorado, Florida, Illinois, and South Carolina.
Sep. 26—GRAND RAPIDS — A federal judge will hear a $600,000 settlement agreement in a class-action lawsuit filed last year against Munson Healthcare. Retirement plan participant and plaintiff ...
The proposal “fundamentally changes the state’s retirement benefit,” according to the Legislative Analyst’s Office. California to fund 401(k)s for prison guards on top of CalPERS pension ...
The company was founded in 1993, and was acquired by Brookdale Senior Living (the largest company in the industry at the time [1]) in July 2014 after a $23 million punitive damages award against it in a civil lawsuit in 2013.
The lawsuits drove the company to declare bankruptcy in 1995, before it agreed to pay $2.3 billion to settle claims from 240,000 women in amounts ranging from $2,000 to $250,000 each in 2004 ...