Colgate-Palmolive’s Pension Class Deal Nabs Lawyers $96 Million

NodeGuardian · 2026-03-07T21:04:36+00:00

Colgate-Palmolive retirees' lawyers received over $96 million in fees from a $332 million settlement for pension benefit underpayment. A federal judge approved the 29% fee, citing case complexity, along with litigation expenses and a lead plaintiff award.

NodeGuardian

2026-03-07 21:04:36

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Lawyers representing retirees of Colgate-Palmolive Co. have been awarded over $96 million in attorneys’ fees from a $332 million class settlement. This settlement addresses allegations that the consumer product maker shortchanged pension benefits. A federal judge deemed the 29% fee reasonable given the case’s complexity and duration, also approving $2.9 million in litigation expenses and a $10,000 service award for the lead plaintiff.

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