Chief United States District Judge G. Patrick Murphy for the Southern District of Illinois rendered an opinion in the IBM cash balance plan case, Cooper et al. vs. the IBM Personal Pension Plan and IBM Corporation. The following news sources are reporting on the case:
- USA Today: “IBM loses closely watched pension lawsuit“
- Reuters: “IBM loses pension plan lawsuit, will appeal“
- The Wall Street Journal: “IBM Pension-Plan Changes Are Ruled Discriminatory: Finding Is Viewed as Boon To Older Workers in U.S.” (Subscription required.)
- The Associated Press via Yahoo! News.com: “IBM Loses Closely Watched Pension Lawsuit.”
- Dow Jones Business News via Yahoo! News.com: “Attorney: Judge Rules Against IBM in Pension Case.”
- San Jose Mercury News: “IBM Loses Closely Watched Pension Lawsuit.”
More to come on this . . . In the meantime, you can read previous posts about the case here.