“Abysmal” or “Too Conservative”? Supermarket ERISA Lawsuit to Settle for $17.5 MillionBoston, MA Toomey v. DeMoulas Super Markets, Inc., a class action ERISA lawsuit filed in the Massachusetts District Court in 2019, will settle for $17.5 million and prospective changes to the plan’s investment strategy, pending the court’s final approval in April 2021. While ERISA industry advisors have characterized the DeMoulas (Restated) Profit Sharing Plan and Trust’s investment management style as “too conservative,” the Complaint is far more brutal. It describes the performance of the investment fund as “abysmal.”
Abdominal Mesh “Like a Chunk of Iron in my Stomach”Harrisburg, PA Kelly and John are just two of more than one million hernia repair surgeries performed yearly in the U.S., and 90 percent use surgical mesh. Recent reports indicate that one out of every three patients have suffered common mesh complications, some of which led to surgical mesh lawsuits.
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