March 16, 2020
Reliance Trust Co. has agreed to pay $6.25 million to resolve an ERISA suit claiming the company let RVNB Holdings Inc. workers grossly overpay for their employer's stock when it represented their retirement plan in an $85 million transaction.
January 14, 2020
Reliance Trust Co. has reached a settlement with a proposed class of RVNB Holdings Inc. workers who had accused the company of allowing them to grossly overpay for their employer's stock, the parties told a federal judge in Texas on Monday.
November 14, 2019
Reliance Trust Co. should face a proposed class action accusing the company of allowing RNVB Holdings Inc. workers to grossly overpay for their employer's stock in federal court, not in arbitration, a Texas federal magistrate judge recommended Wednesday.