WY - Corporate Employers Accused of Increasing Risk Of Pension Shortfalls in Violation of Employee Retirement Income Security Act of 1974 (ERISA) (Brower Piven Release) | Benzinga
BALTIMORE, May 23, 2024 (GLOBE NEWSWIRE) -- Lawsuits have been filed alleging that a number of large corporate employers have offloaded billions of dollars in pension obligations to Athene Annuity and Life Company and/or Athene Annuity & Life Assurance Company of New York, subsidiaries of Athene Holding Ltd. (collectively, "Athene") in violation of ERISA. In addition to AT&T Inc. (NYSE:T), Lockheed Martin Corporation (NYSE:LMT), and Alcoa Corporation (NYSE:AA), against which lawsuits have already been filed, according to SEC filings and/or Athene's public statements, Bristol-Myers Squibb Company (NYSE:BMY), Armstrong World Industries, Inc. (NYSE: