UHS.US
id: 467, Created by Stan Vick, Scout
Universal Health Services Inc. 401k Settlement
How it works?
- Company agreed to pay compensation to its investors, to avoid further litigation
- We help you to prepare documents and file for compensation
Claim deadline for this case already passed by, but we can still try and file for compensation for you
Claim payout
E.D. Pennsylvania
Court05 Jun 2014
Class period Start31 Oct 2022
Class period End28 Feb 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.
Judge
Hon. Kearney, J.
Administrator
Strategic Claims Services
Court hearing date
30 March 2023
+$12,500,000
Total Settlement Amount