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June 10, 2008 at 02:33 PM
The U.S. Supreme Court has decided not to review AT&T Pension Benefit Plan vs. Call et al.
AT&T Corp., San Antonio, Texas, was suing to overturn a $31.2 million 2007 class-action verdict.
The lead plaintiff in the case, Linda Call, participated in a pension plan run by Ameritech, a company eventually acquired by AT&T.
Call and the 1,900 other members of the class contended in a suit filed in 2001 that administrators had replaced the actuarial assumptions used in calculating lump-sum benefits with new assumptions that had illegally reduced the amounts they received when they withdrew lump-sum benefits.
The 7th U.S. Circuit Court of Appeals agreed with the plaintiffs.
