Dillard’s To Settle Age-Discrimination Lawsuit December 8, 2006Posted by C.A.R.D in Age Discrimination, Card, Citizens Against Racism and Discrimination, Discriminate, Discrimination, Lawsuit.
Dillard’s department store chain has agreed to settle a class action, age discrimination lawsuit for $35 million.
Papers filed by the company with the U.S. Securities and Exchange Commission show the Little Rock-based company reached an agreement over complaints filed in 2002 and 2004. Former participants in the Mercantile Stores pension plan claimed changes Dillard’s made to the plan violated federal law.
Dillard’s purchased Mercantile Stores in 1998 for $2.9 billion.
In a pending lawsuit, Dillard’s is seeking a $35 million reimbursement from the pension plan’s actuarial firm.
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