In the course of this litigation, Class Counsel on behalf of the Plaintiffs successfully certified a Class and obtained approval of a Settlement Agreement between the retirees, Goodyear and the United Steel Workers.  The Settlement Agreement resulted in the establishment of a trust (called a Voluntary Employee Beneficiary Association or VEBA) through which retiree healthcare benefits would be provided in the future.  The VEBA received an initial contribution of approximately $1 billion from Goodyear, subsequent contributions from active Goodyear employees during the 2006 collective bargaining term and possible future contributions from active Goodyear employees.  The VEBA is administered independent of Goodyear, which is no longer responsible for providing retiree healthcare benefits.  The Settlement Agreement was approved by the court on August 22, 2008 and the VEBA became operational shortly thereafter.

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