IBM wins summary judgment in defense of age discrimination claims against its cash balance pension plan
Clients International Business Machines Corporation
Jones Day represented International Business Machines Corporation ("IBM") in defense of suit alleging its cash balance pension plan violates ERISA's age discrimination prohibition. The U.S. District Court for the Southern District of Illinois granted summary judgment to a class of plaintiffs who contended that IBM's cash balance pension plan discriminated "because of . . . age" in violation of ERISA §204(b)(1)(H). We assisted with the briefing of IBM's appeal to the U.S. Court of Appeals for the Seventh Circuit. The Seventh Circuit ruled for IBM, reversing the district court's grant of summary judgment.
Cooper v. IBM Personal Pension Plan, 457 F.3d 636 (7th Cir. 2006)