Catholic health provider agrees to $42M settlement in class-action retirement lawsuit | News Headlines
Indianapolis Post
Providence Health & Services, a Catholic health system, settled a class-action lawsuit regarding its retirement plan for $42.725 million.Summary
Providence Health & Services, a Catholic health system headquartered in Washington State, has agreed to a $42,725,000 settlement in a class-action lawsuit. The lawsuit alleged mismanagement of the company’s retirement plan and violations of the Employee Retirement Income Security Act (ERISA). The settlement brings resolution to claims made by plaintiffs concerning the handling of their retirement funds. Further details can be found on EWTN News.
(Source：Indianapolis Post)