2nd Circuit Panel Affirms Foot Locker Pension Plan Must Be Reformed

( July 11, 2017, 9:07 AM EDT) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel on July 6 affirmed a New York federal judge’s ruling in favor of a class of about 16,000 former and current employees of Foot Locker Inc. seeking additional pension benefits, holding that classwide relief in the form of reformation does not require a showing of individualized detrimental reliance (Geoffrey Osberg, et al. v. Foot Locker Inc., et al., No. 15-3602, 2nd Cir., 2017 U.S. App. LEXIS 12041)....

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