Federal judge gives final approval to $90M settlement in lawsuit filed by ex-Boeing workers

Associated Press

A federal judge gave final approval to a $90 million settlement in a lawsuit filed by former Boeing workers over retirement plan benefits after the sale of the company's Wichita operations.

U.S. District Judge Monti Belot found Thursday that the settlement agreement is "fair, reasonable, and adequate," and was entered into in good faith.

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The class-action lawsuit covers former Boeing workers who were participants in the company's retirement plan in June 2005, had at least 10 years of vesting service and were between the ages of 49 and 55 at the time they went to work at Spirit AeroSystems or its predecessor Mid-Western Aircraft systems.

Belot preliminarily approved the settlement in May.