In a series of decisions announced in 2012 through 2014, GE cancelled health insurance plans for all of its retirees over age 65 despite telling them for years that it “expected and intended” to continue the benefits indefinitely. Despres, Schwartz & Geoghegan, Ltd. filed suit against General Electric in the U.S. District Court for the Eastern District of Wisconsin on behalf of two GE retirees in October 2014, alleging that in doing so, GE breached its fiduciary duty to its retired employees.
GE moved to dismiss the suit, but the court denied that motion and the case proceeded to the discovery stage, which is now complete.
The plaintiffs have since sought permission to represent a class of all salaried retirees impacted by GE’s decision to cut off benefits. Both the plaintiffs and GE have moved for summary judgment, seeking a resolution of the case before trial. They await a decision on their motions from the court.
To read the briefs filed on the parties’ cross-motions for summary judgment and plaintiffs’ motion for class certification, click here.