A recent court filing has been made in a New York federal court regarding a settlement between Colgate-Palmolive and its retirees. The retirees’ attorneys are seeking approval for $99 million in attorney fees and expenses from a $332 million settlement. This settlement was reached to resolve claims that Colgate-Palmolive had underpaid its retirees’ lump-sum retirement payouts. The court had initially approved the settlement in October.
The request for attorney fees and expenses is a significant portion of the total settlement amount, highlighting the complexity and scope of the case. The retirees’ attorneys are likely seeking reimbursement for the time and resources invested in negotiating the settlement and representing their clients’ interests.
The case against Colgate-Palmolive alleged that the company had miscalculated the lump-sum payouts owed to its retirees, resulting in underpayments. The settlement of $332 million aims to compensate the affected retirees for the shortfall. The court’s initial approval of the settlement in October marked a significant milestone in the case, and the current request for attorney fees and expenses is the next step in the process.
The Law360 news service has been following this case closely, providing updates and analysis on the developments. Law360 offers a range of features, including daily newsletters, expert analysis, and real-time alerts, to help subscribers stay informed about the latest legal news and trends. With a vast archive of over 450,000 searchable articles, Law360 provides a valuable resource for those interested in staying up-to-date on legal issues and developments.
In this case, Law360’s coverage has provided insight into the settlement and the subsequent request for attorney fees and expenses. As the court considers the request, Law360 will likely continue to provide updates and analysis on the outcome and its implications for the parties involved. With its comprehensive coverage and expert analysis, Law360 is a valuable resource for those seeking to stay informed about the latest developments in this and other legal cases.