Colgate-Palmolive agreed on September 2, 2025, to pay $332 million to settle a long-running class-action lawsuit. The lawsuit accused the consumer products company of making errors in calculating its employees' pensions.
A preliminary settlement was filed in Manhattan federal court, which requires a judge's approval. After deducting lawyers' fees and expenses, approximately 1,177 employees are expected to receive about $232.7 million from the settlement.
This settlement resolves a significant legal matter, removing a source of financial uncertainty for Colgate-Palmolive. While incurring a substantial cost, the resolution allows the company to move forward without the ongoing burden of this litigation.
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