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Walsh v. Reliance Trust Company et al
Case Number:
0:17-cv-04540
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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January 04, 2022
DOL, Insurer Strike $9M Deal To Wrap Up ERISA Suit
An insurer that manages a manufacturing company's employee stock ownership plan agreed to a $9 million settlement in a U.S. Department of Labor suit alleging the metal parts maker's workers were overcharged in a $39 million stock deal.
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August 12, 2019
Metal Part Co.'s Execs Can't Duck DOL's Suit Over Stock Plan
A Minnesota federal judge won't let the directors of a manufacturing company off the hook in the U.S. Department of Labor's suit accusing them of breaching their Employee Retirement Income Security Act duties by letting an employee retirement plan overpay for company stock in a $39 million deal.