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Foster et al v. Adams and Associates, Inc. et al

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Case Number:

3:18-cv-02723

Court:

California Northern

Nature of Suit:

Labor: E.R.I.S.A.

Multi Party Litigation:

Class Action

Judge:

Jacqueline Scott Corley

Firms

September 27, 2021
Gov't Contractor Directors To Pay $3M To Settle ERISA Claims

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
ERISA Suit Over Stock Deal Led By Felon Gets Pared Down

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
ERISA Suit Over Stock Deal Led By Felon Nears Class Cert.

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
Contractor Sued Over Employee Stock Deal Led By Now-Felon

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.