$19M Class Settlement In Lawsuit Over ESOP Wins Final Approval

( December 18, 2024, 12:41 PM EST) -- TAMPA, Fla. — Upon receiving a joint notice of nonobjection, a Florida federal judge on Dec. 17 granted final approval to a $19 million class settlement that the plaintiffs said will “provide[] an average recovery of more than $100,000 per class member on a gross basis, topping the chart of recent ESOP [employee stock ownership plan] settlements by a substantial margin.”...