$4M Deal Proposed To Settle Lawsuit Challenging ESOP Transaction

( March 24, 2025, 8:26 AM EDT) -- PEORIA, Ill. — An employee stock ownership plan (ESOP) lawsuit would be resolved on a class basis for $4 million, according to a motion for preliminary settlement approval that the named plaintiff filed in Illinois federal court; the development comes as briefing remains suspended in an interlocutory appeal concerning whether the plaintiff can pursue planwide relief in a representative capacity given that class certification was denied due to intraclass conflict....