$6.6 Million Class Action Settlement on Behalf of Medical Residents

On behalf of hundreds of former medical residents who trained in The New York and Presbyterian Hospital’s Weill Cornell Campus Residency Program between January 1, 1995 and June 30, 2001, ECBA obtained preliminary approval of a $6.632 million settlement. Former medical residents had commenced an action in the SDNY claiming that the hospital acted against their interest when it agreed with the IRS not to seek refunds of Federal Insurance Contribution Act (“FICA”) taxes paid by or on behalf of itself and medical residents in the NYP/Weill Cornell Residency Program and failed to disclose the agreement.  Two related lawsuits were filed as class actions by different sets of plaintiffs under Federal Rule of Civil Procedure 23, and both were consolidated. If you are a member of the class, please provide your current address, phone  number, and the years you were a resident to the administrator by calling 877-804-9743 or emailing info@nyficasettlement.com.  More information will soon be available at www.nyficasettlement.com.

To view the Settlement Notice and Declaration of Previous Refund, click here.
To view the Joint Stipulation of Settlement and Release, click here.
To view the Order Granting Preliminary Approval of Class Settlement, Conditionally, Certifying Rule 23 Settlement Class, Appointing Class Class Counsel, and Approving Proposed Notice Procedures, click here.

To read Law360’s coverage, click here.

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