While counsel for the workers declined to comment on Wednesday, Magna International has yet to issue a response. The legal teams representing both sides include prominent attorneys from firms such as Capozzi Adler PC, Muhic Law LLC, Anthony L. DeLuca PLC, Sidley Austin LLP, and Dickinson Wright PLLC.
As this settlement moves toward final approval, it highlights the increasing scrutiny companies face over their retirement plans, emphasizing the importance of fiduciary responsibility in managing employee savings.
