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The United Steelworkers and a class of retirees who manufactured tires for General Tire and Continental Tire filed a lawsuit to restore their health benefits.  On July 31, 2007, the U.S. District Court for the Northern District of Ohio determined that the retirees’ benefits are vested and cannot be unilaterally changed.   On April 29, 2008, the Court granted preliminary approval of a proposed settlement of this lawsuit.  Members of the class who want to object to the settlement must file their objections in writing with a postmark on or before April 1, 2008.  The Court has scheduled a hearing to consider the fairness, reasonableness, and adequacy of the settlement for August 26, 2008 at 10:00 a.m. in Toledo, Ohio. 

April Press Release - USW Lawsuit Results in Continental Tire Agreeing to Provide Retiree Health Care

The following documents are related to the lawsuit:

Cover Letter To Class Members

Class Notice

 

Names and Backgrounds of VEBA Committee Members

 

Settlement Agreement

 

Ex. 1 to Settlement Agreement (Form of Trust Agreement)

 

Ex. 2 to Settlement Agreement (Corporate Guaranty)

 

Ex. 3 to Settlement Agreement (Baseline PV Schedule)

 

Ex. 4 to Settlement Agreement (Draft Illustration of Hypothetical Payments Pursuant to Section 5.5.3)

 

Ex. 5 to Settlement Agreement (Baseline Data)

Ex. 6 to Settlement Agreement (Class Notice)