https://www.pionline.com/courts/xerox-corp-shell-out-41-million-settle-erisa-lawsuit
Perhaps a reason why there is a Mandatory Arbitration Agreement now?
4 replies (most recent on top)
You have to search these things out. Did you think Xerox was going to email you and ask you to join the lawsuit against them?
It would appear that this is the reason for the mutual arbitration BS thing and why they asked LP to "resign." Guess he let one slip through.
Could someone please increase the dividend?
I think you mean how come this "wasn't" opened to all employees, this class action suit.
I suspect this was an ambulance chaser / nuisance suit - and a shake down for a quick buck. BUT, if is was not after you sign the MAA you would be prevented from bring a legitimate lawsuit. So do not acknowledge the MAA, just ignore it. Keep in mind Xerox is responsible for "$4.7 billion" of earned retirement money (most of it for non-US folks) and other element of our health and welfare as employees (how would you feel moving the 401K plan from Voya to Icahn Investments as they are a 'cheaper option'-very unlikely, but hopefully you get the point, Xerox makes lots of decisions without our input-increasingly bad and what feels like desperate decisions. Do you really trust the Senior Management would act in the best interest of the employee?). Imagine if Uncle Carl and team found a way to get their paws on our funds or other benefits - after MAA we are prevented from a lawsuit, and joining together in a legitimate legal and public claim.