Jury Selection Slated In UPMC Suit Over Altoona Acquisition

Jury Selection Slated In UPMC Suit Over Altoona Acquisition


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Jury selection is scheduled Tuesday for a trial over the University of Pittsburgh Medical Center's federal lawsuit against a Cleveland firm over allegations that an actuarial employee vastly understated the pension liability being assumed by UPMC when it acquired Altoona Hospital in 2013.
UPMC says in the lawsuit against CBIZ Inc. that it wouldn’t have acquired Altoona Regional Health System in 2013 had it known the hospital’s full liability, The (Altoona) Mirror reported. The lawsuit says the liability was $123 million more than what was stated in pension documents.
UPMC is seeking $142 million in damages, plus punitive damages, in the legal action naming CBIZ and its now-retired, Maryland-based actuary.

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