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Violation Tracker Individual Record

Company: Talen Energy Corp.
Current Parent Company: Talen Energy Corporation
Penalty: $20,000,000
Year: 2024
Date: June 4, 2024
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Talen Energy agreed to pay $20 million to settle litigation alleging it improperly withheld early retirement benefits from employees when it was spun off from Pennsylvania Power and Light.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Pennsylvania
Civil or Criminal Case: civil
Case ID: 5:20-cv-05975
Case Name: Durnack et al v. Retirement Plan Committee of Talen Energy Corporation et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: utilities and power generation
Specific Industry of Current Parent: wholesale electricity provider
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.