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Nistra v. Reliance Trust Company
Case Number:
1:16-cv-04773
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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January 09, 2020
$13M Deal To End Bradford Hammacher Class Action Gets OK
An Illinois federal judge granted preliminary approval on Thursday to a $13 million deal to end an ERISA class action in which Bradford Hammacher Group Inc.'s workers and retirees said they overpaid when they took ownership of the company for $100 million.
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December 20, 2019
$13M Deal May End Reliance, Bradford Hammacher ESOP Row
The Bradford Hammacher Group Inc.'s workers and retirees will get $13.4 million if an Illinois federal judge approves a recently proposed settlement to their ERISA class action, which challenged Reliance Trust Co.'s approval of a $100 million stock purchase by their retirement plan.