Thursday, May 19, 2011

Volvo, Mack Trucks to pay $525 mln to end lawsuit

"NEW YORK, May 17 (Reuters) - Volvo AB (VOLVb.ST) has agreed to pay $525 million to settle a class-action lawsuit by more than 9,300 retirees, who accused its Mack Trucks Inc unit of illegally reducing their lifetime health benefits."

Read story at Reuters