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UHS.US
id: 467

Universal Health Services Inc. 401k Settlement

E.D. Pennsylvania
Court
05 Jun 2014
Class period Start
31 Oct 2022
Class period End
28 Feb 2023
Claim deadline
Universal 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.
Case Status
Disbursed
Alleged Offence
Other
Suspected Party
Other
Security Type
Plans (Investment, Pension, Insuranse)
Trade Direction
Long
Plaintiffs
Mary K. Boley, Kandie Sutter, Phyllis Johnson
Attorneys
Miller Shah LLP and Capozzi Adler, P.C.
Judge
Hon. Kearney, J.
Administrator
Strategic Claims Services
Court hearing date
30 March 2023
Trades matching type
FIFO
+$12,500,000
Cash Settlement Amount

Universal Health Services Inc

Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities. It operates through Acute Care Hospital Serv...

    Ticker
    UHS.US
    ISIN
    US9139031002
    CIK
    352915
    Sector
    Healthcare
    Industry
    Medical Care Facilities
    Country
    USA
    Address
    Universal Corporate Center, King of Prussia, PA, United States, 19406-0958