Thread regarding AT&T layoffs

AT&T pension benefit litigation, possible class action

Meanwhile, over in California, AT&T hasn't been able get this case dismissed in a few attempts to do so. Trial starting this November. See https://www.cohenmilstein.com/case-study/att-pension-benefit-plan-litigation Case 20-7094 Scott v at&t

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Post ID: @OP+1nE71LGY

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https://www.cohenmilstein.com/case-study/att-pension-benefit-plan-litigation

This is a legit URL, as stated previously, and here is an excerpt of the stated purpose of the lawsuit:

"Summary of the Lawsuit

This lawsuit, Scott v. AT&T Inc., Case No. 3:20-cv-070904-JD, United States District Court of the Northern District of California, filed on October 12, 2020, is brought on behalf of a class of participants and beneficiaries in the AT&T Pension Benefit Plan (the “AT&T Plan”). Plaintiffs allege that Defendants AT&T Inc. and AT&T Services violated the federal Employee Retirement Income Security Act (“ERISA”). Through these violations, Plaintiffs allege that they were deprived of accrued, vested pension benefits when they receive their pension benefit in the form of a Joint and Survivor Annuity, the default form of benefit for married participants. This has resulted in AT&T Plan participants and beneficiaries receiving less than the actuarial equivalent of their vested accrued benefit, contrary to ERISA’s requirements. This lawsuit seeks to recover amounts due to members of the class, and to amend the AT&T Plan to fully comply with protections afforded by ERISA to defined benefit pension plan participants and beneficiaries.

Scott v. AT&T Inc. et al does not challenge AT&T’s lump sum calculations. Scott v. AT&T Inc. is distinct from a prior lawsuit, Eliason v. AT&T, Inc., which asserted similar claims involving the AT&T Plan’s lump sum computations. On September 28, 2020, Magistrate Judge Sallie Kim dismissed Eliason v. AT&T Inc. on procedural grounds.

Class Action Allegations
This lawsuit is brought on behalf of two proposed classes of people. The Retired Class includes all AT&T Plan participants and their beneficiaries who are receiving a Joint and Survivor Annuity that is less than the value of their Single Life Annuity when converted to a Joint and Survivor Annuity using the interest rates and mortality tables set forth in 26 U.S.C. § 417(e), excluding those participants and beneficiaries in the Mobility Program, the Mobility Bargained Program, and the DIRECTV Program.

The Pre-Retirement Class includes all AT&T Plan participants and their beneficiaries who have not commenced receiving benefits, excluding those participants and beneficiaries in the Mobility Program, the Mobility Bargained Program, and the DIRECTV Program.

Excluded from the Class are Defendants and members of their immediate families or any of their heirs, successors, or assigns."

Please go to the website to read the full description.

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Post ID: @ofk+1nE71LGY

you are a member of the proposed class or require information to join which might assist us in the prosecution of these allegations, please contact one of the following persons:

Michelle C. Yau (email)
Daniel R. Sutter (email)
Caroline E. Bressman (email)
Sydney Greenman, Paralegal (email)
Cohen Milstein Sellers & Toll PLLC
1100 New York Avenue, N.W., Suite 500
Washington, D.C. 20005ĺ

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Post ID: @wjw+1nE71LGY

This is a valid URL. https://www.cohenmilstein.com/case-study/att-pension-benefit-plan-litigation

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Post ID: @zvk+1nE71LGY

Link brought up nothing.

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Post ID: @ebb+1nE71LGY

Class action status would cover all at&t current and future retirees nationally, unless at&t can get this case dismissed or win it.

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Post ID: @eyw+1nE71LGY

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