Market Basket to Pay $17.5M to Settle Employee Lawsuit – NBC Boston

Market Basket to Pay $17.5M to Settle Employee Lawsuit – NBC Boston

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The company that operates Market Basket has agreed to pay $17.5 million to settle a class action lawsuit that claims it mismanaged its retirement plan for employees by making super-conservative investments. Demoulas Super Markets Inc. has also agreed to change the way it manages its plan, according to a proposed settlement filed in federal court in Boston earlier this month….
The company that operates Market Basket has agreed to pay $17.5 million to settle a class action lawsuit that claims it mismanaged its retirement plan for…

Market Basket to Pay $17.5M to Settle Employee Lawsuit – NBC Boston