NCR To Pay $48M To End Former Execs' Lifetime Benefits Suit
Summary
NCR Corp. will pay nearly $48 million to resolve a class action from former executives who alleged the company failed to provide promised lifetime annuity payments. The settlement ends claims that the software company broke its promise to send annuity payments for life. The parties notified the U.S. District Court for the Northern District of Georgia of the proposed resolution. The payment removes ongoing litigation risk tied to the executives' benefits dispute.
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