September 27, 2021
A class of current and former employees of government contractor Adams and Associates struck a deal requiring two company directors to pay $3 million to end ERISA claims that the workers were shorted through an unfair stock sale, according to a memorandum in California federal court.
July 06, 2020
A California federal judge on Monday narrowed an ERISA class action claiming a government contractor's workers were shorted through an unfair stock sale to an employee ownership plan, although she largely denied the bids for wins before a trial in the case.
August 29, 2019
A California magistrate judge said Thursday she will certify a class of employees who claim a government contractor that provides youth job training violated ERISA, shorting them through an unfair stock sale to an employee ownership plan led by a man who later admitted stealing from other plans.
May 10, 2018
A government contractor that runs youth job-training centers was hit with a proposed class action in California federal court Wednesday accusing it of shorting employees through an unfair stock sale to an employee ownership plan that was implemented by a trustee who later pled guilty to stealing from other plans.