Engstrom Lee

https://news.bloomberglaw.com/employee-benefits/aerotech-sued-over-low-yield-investments-in-employee-stock-plan

Aerotech Sued Over Low-Yield Investments in Employee Stock Plan Three former Aerotech Inc. workers filed a proposed class action saying their employee stock ownership plan was mismanaged because it parked too much money in cash-like investments that paid paltry returns.

We've asked the court to approve a $19 million settlement on behalf of a class of participants in the ADG ESOP. To learn more about this case and settlement, visit engstromlee.com/adg

Advanced Diagnostic Stock Plan Suit Settles for $19 Million A participant in Advanced Diagnostic Group’s employee stock plan announced a $19 million class settlement in a lawsuit saying company executives, GreatBanc Trust Co., and partners at a private finance firm drained the plan’s value for personal benefit.

We are pleased the Court is allowing our federal claims on behalf of Russelectric workers to proceed and look forward to continue fighting for our clients' hard-earned retirement savings.

Russelectric Workers Advance Would-Be Class Suit Over Stock Plan Former employees of Massachusetts power control systems manufacturer Russelectric Inc. advanced a lawsuit saying their employee stock ownership plan was raided of value by the company founder’s children after his death.