$16.5M Settlement For ERISA Dispute Over ESOP Gets Preliminary OK

Mealey's (May 26, 2022, 1:26 PM EDT) -- CHICAGO — Under a $16.5 million settlement agreement that an Illinois federal judge granted conditional preliminary approval to on May 24 in an Employee Retirement Income Security Act case pertaining to an employee stock ownership plan (ESOP), plaintiffs estimate that eight class members would receive distributions of $250,000 or more each....

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