Dillard's Inc., the department store chain, has agreed to pay $35 million to settle an age discrimination lawsuit.
Former participants in the Mercantile Stores Pension Plan filed the complaints in 2002 and 2004, claiming amendments to the plan violated the Employee Retirement Income Security Act of 1974. Payment calculations were discriminatory by the age, the plaintiffs said.
Dillard's purchased Mercantile Stores in 1998 for $2.9 billion.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment