2nd Circuit Affirms Ruling For Class In Suit Over Residual Annuity Calculation

Mealey's (March 16, 2023, 1:54 PM EDT) -- NEW YORK — Concluding that participants’ “interpretation of [Colgate-Palmolive Co.]’s retirement plan is the unambiguously correct reading,” a Second Circuit U.S. Court of Appeals panel upheld a decision for them in a class action over residual annuities....