Colgate-Palmolive reaches $332-million settlement with employees over pensions
Colgate-Palmolive (CL.N), opens new tab agreed to pay $332 million to settle a long-running class-action lawsuit accusing the consumer products company of making mistakes in calculating its employees' pensions. A preliminary settlement covering 1,177 employees was filed on Friday night in Manhattan federal court and requires a judge's approval. Employees would receive about $232.7 million after lawyers' fees and expenses are deducted. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. The case had its...
