Wawa Sued By Ex-Employees Over Forced Stock Sales

Law360 (August 8, 2018, 8:13 PM EDT) -- Wawa Inc. was hit with a proposed class action Wednesday alleging that changes it made to an employee stock program forced retirees to prematurely sell off the company shares they owned and that the convenience store chain underpaid them for those shares in violation of the Employee Retirement Income Security Act.

Plaintiffs John Cunningham and three other participants in Wawa's employee stock ownership plan accused the company of violating ERISA by making changes to the plan in 2015 that eliminated the ability of retired plan participants to hold Wawa stock.

The plaintiffs also alleged that ERISA violations resulted from a 2014...

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