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ERISA Litigation & Compliance

AT&T and Lockheed Martin Face Class Actions Over Pension Risk Transfers To Athene

Potentially signaling a new wave of litigation, AT&T Inc. and AT&T Services, Inc. (AT&T) were hit with a class-action lawsuit on March 11, 2024 filed in the United States District Court for the District of Massachusetts relating to the 2023 transfer of $8 billion of their pension liabilities – covering approximately 96,000 participants in AT&T’s pension plan... Continue Reading