Unspecified Settlement In Principle Reported In Pension Plan Reformation Case

Mealey's (September 13, 2022, 9:10 AM EDT) -- NEW YORK — Following Aug. 2 notice by the parties in a long-running class action over reformation of a PricewaterhouseCoopers LLP (PwC) pension plan that they “have agreed to a settlement in principle,” a federal judge in New York on Aug. 3 stayed the case pending further order and denied a pending motion for reconsideration “as moot without prejudice to reinstatement in the event that the settlement is not consummated.”...

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