Consolidation Bid Yields Coordination Order In ERISA Suits Challenging 2016 Deal

Mealey's ( March 11, 2025, 8:00 AM EDT) -- NEW YORK — A New York federal judge declined to consolidate related Employee Retirement Income Security Act lawsuits challenging the same July 2016 Employee Stock Ownership Plan (ESOP) deal but directed that the cases one filed by plan participants in 2022 and the other filed the U. S. Department of Labor in 2024 proceed on the same schedule. . . .