Today, October 1, 2013, the parties in Beesley v. International Paper filed papers indicating they have settled their lawsuit and are now seeking approval of the district court. In total, International Paper (“IP”) agreed to pay $30 million and submit to extensive affirmative relief. Here is a copy of the motion seeking settlement. The settlement … Continue reading Breaking: International Paper Settles Excessive Fee Case for $30 Mil.
Back in May, we previously discussed the oral argument held in the 7th Circuit case Abbott v. Lockheed Martin Corporation. At issue was the district court’s denial of class certification in an excessive fee case. Today, August 7, the 7th Circuit issued a plan participant/plaintiff friendly opinion reversing the district court’s denial of class certification and providing … Continue reading Victory for Plaintiffs: 7th Circuit Allows Class Certifications for Excessive Fee Cases