- 6 -
provide equal opportunity for individual employees of IDS age 40
and older.
The injunctive relief sought by EEOC was prospective in
nature and intended to benefit all employees of IDS including
employees who were plaintiffs in the Glass and Stephens class
actions. Intervention by EEOC in the Glass and Stephens class
actions enhanced the merits of the class action lawsuits against
IDS.
Legal services of Winthrop and Weinstine on behalf of the
class action plaintiffs complemented the legal services of EEOC’s
attorneys, and vice versa.
On November 21, 1991, in the Glass and Stephens class
actions, the District Court granted partial summary judgment in
favor of IDS and against the class action plaintiffs dismissing
certain breach of contract, ERISA, and tort claims made against
IDS. Some of the legal services performed by Winthrop and
Weinstine prior and subsequent to November 21, 1991, were
attributable to the advancement of plaintiffs' contract and ERISA
claims.
In early August of 1992, a comprehensive settlement in the
Glass and Stephens class actions was entered into in which IDS
agreed to pay $35 million to resolve all remaining claims
relating to the above class actions, including claims for
litigation costs and attorney's fees.
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Next
Last modified: May 25, 2011