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Overvalued Airline Cost ESOP Nearly $200M, Workers Say

By Patrick Hoff ( March 1, 2022, 9:29 PM EST) -- A group of employees at Western Global Airlines has filed a proposed class action in Delaware federal court accusing the cargo airline's owners of overvaluing the company when they sold shares to the employee stock ownership plan, causing the plan to lose $188 million over two months....

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