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Caterpillar may have wrongfully denied medical benefits to retirees or increased medical premiums to surviving spouses of retirees.
Investigation Source
- Nationwide
Investigation Scope
Category Information
Investigation Topics
- Medical Benefits
- Unjustified Increase in Insurance Premiums
Products or Services
- Health Insurance
- Retired Employee
Injury Type
- Monetary Loss
Investigation Details
Investigation and pending class action against Caterpillar alleging that Caterpillar unlawfully reduced its employees' retirement medical benefits by denying them the benefits that were offered for years under their union contracts.
The class action complaint alleges that Caterpillar unlawfully charged retirees for portions of their medical insurance premiums and unlawfully charged retirees and their surviving spouses increased payments on prescription drugs and medical procedures.
The plaintiffs have sued Caterpillar on behalf of a class of all retirees and surviving spouses of retirees who were represented by the union and who retired on or after January 1, 1992 and before March 16, 1998.
The class action complaint alleges that Caterpillar unlawfully charged retirees for portions of their medical insurance premiums and unlawfully charged retirees and their surviving spouses increased payments on prescription drugs and medical procedures.
The plaintiffs have sued Caterpillar on behalf of a class of all retirees and surviving spouses of retirees who were represented by the union and who retired on or after January 1, 1992 and before March 16, 1998.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| Caterpillar Inc. (CAT) | Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, and industrial gas turbines worldwide. |