NEW ORLEANS, LA (WLOX) - Singing River Health System filed its response to a court ruling that sent its pension fund settlement back to a lower court.
In July, the 5th Circuit Court of Appeals did not approve the settlement, ruling that there was no guarantee there was enough money to pay all the claims.
In its newly-filed, 126-page response, SRHS lays out its case in favor of the settlement. The company said based on its 35-year cash flow projection, the health system will have the ability to make all necessary payments to the pension plan.
The proposed settlement is now in the hands of U.S. District Judge Louis Guirola.