Doherty v. Bristol-Myers Squibb Co. et al
Case Number:
1:24-cv-06628
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Covington & Burling
- Goodwin Procter
- Kantor & Kantor
- Schlichter Bogard
- Seyfarth Shaw
- Zuckerman Spaeder
Companies
Sectors & Industries:
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January 24, 2025
Employer Groups Back Tossing Pension Annuity Suit In NY
Three employer trade groups are backing Bristol-Myers Squibb and investment manager State Street as they fight claims brought by retirees of the pharmaceutical giant that the companies violated federal benefits law by converting workers' pension benefits into annuity insurance contracts.
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September 03, 2024
Pharma Co., State Street Hit With Pension Annuity Suit
Bristol-Myers Squibb retirees hit the pharmaceutical giant and its investment adviser, State Street, with a class action Tuesday in New York, alleging they breached their fiduciary duty to pensioners by converting pension benefits into annuity insurance contracts using a provider that wasn't the safest available.