New York, NY: A class action lawsuit was filed against the company for allegedly failing to provide pension plan members with complete and accurate information about the company's financial health. The lawsuit was filed on behalf of over 10,000 Visteon employees for pension plan losses. The class action lawsuit claimed Visteon was spun off from Ford Motor in 2000 and was ill-prepared to compete and was surrounded with significant risks. A federal US district judge has provisionally approved a $7.6 million settlement to Visteon employees. (Jan-17-07)
[AUTO INDUSTRY: VISTEON PENSION]
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Reader Comments
Posted by
Charles Schleeter
on
Charles Schleeter
on
I was a Visteon employee that was layed off in november of 2007 I was never notified about this complaint.I want to know why I haven't recieved my portion of the settlement?I sent a comment last week{before Christmas} and I have not heard anything from you.Am I going to have to talk to a lawyer? If so I will go for more of the settlement that you are paying!
Posted by
Charles Schleeter
on
Charles Schleeter
on
When will I receive my portion of the settlement?
