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UHS.US
id: 467, Created by Stan Vick Chase, Scout
Universal Health Services Inc. 401k Settlement
Settled
05 June 2014
Class period Start31 October 2022
Class period End28 February 2023
Claim deadlineUniversal Health Services Inc. agreed to pay $12.5 million to settle a class action lawsuit to avoid further litigation.
The complaint alleged that Universal Health Services, Inc. and the UHS Retirement Plans Investment Committee violated the Employee Retirement Income Security Act of 1974 (“ERISA”) in the administration of the Universal Health Services, Inc. Retirement Savings Plan (the “Plan”).
Those, who are or may be a Current Participant, Former Participant, Beneficiary or Alternate Payee of a Participant or Former Participant, of the Plan at any time on or after June 5, 2014 through and including October 31, 2022, can be intitled to the payout.
Alleged Offence
Other
Suspected Party
Other
Security Type
Plans (Investment, Pension, Insuranse)
Trade Direction
Long
Lead plaintiff
Mary K. Boley, Kandie Sutter, Phyllis Johnson
Attorney
Miller Shah LLP and Capozzi Adler, P.C.
Court
Eastern District of Pennsylvania
Judge
Hon. Kearney, J.
Administrator
Strategic Claims Services
Court hearing date
30 March 2023
+$12,500,000
Total Settlement Amount