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Woznicki v. Raydon Corporation et al

  1. October 27, 2021

    Revised $2.4M Raydon ERISA Deal Wins Court Approval

    A Florida federal judge signed off on a $2.4 million settlement resolving a class action accusing Raydon Corp. of overcharging employees who sunk retirement savings into the company's stock, after two payments to plaintiffs were taken out of the pact.

  2. February 17, 2021

    $2.4M Raydon ERISA Settlement Comes Up Short

    A Florida federal judge denied Raydon Corp.'s bid to settle an ERISA class action over a benefit plan's stock purchase for $2.4 million Wednesday, agreeing with a magistrate judge that two class members aren't entitled to $10,000 awards under recent Eleventh Circuit precedent.

  3. August 27, 2020

    Raydon, Lubbock Ink $2.4M Deal In ESOP Transaction Dispute

    Raydon Corp. and Lubbock National Bank have agreed to shell out $2.4 million to resolve a class action alleging the defense contractor's current and former workers were shortchanged when their employee stock ownership plan purchased $60.5 million in company stock.

  4. July 21, 2020

    Raydon, Ex-Worker Reach Deal In Suit Over $60.5M ESOP Buy

    Raydon Corp. and Lubbock National Bank have agreed to settle an ERISA class action claiming the defense contractor's current and former workers were ripped off when their employee stock ownership plan purchased $60.5 million in company stock.

  5. May 19, 2020

    Raydon Workers Win Bid For Docs From Bank In ERISA Row

    A bank that oversaw a $60.5 million stock purchase by a Raydon Corp. employee retirement plan will have to turn over a trove of documents in a class challenge to the transaction, after a Florida federal magistrate judge on Tuesday shot down the bank's argument that many of the documents were irrelevant.

  6. March 16, 2020

    Raydon Workers Win Class Cert. In ERISA Suit

    A Florida federal judge certified a class of current and former Raydon Corp. workers on Monday in their challenge to a company benefit plan's $60.5 million stock purchase, rejecting arguments that class certification should be denied because the lead plaintiff was too angry.

  7. February 20, 2020

    Ex-Raydon Worker's 'Animus' No Bar To Cert. In ESOP Suit

    A Florida magistrate judge recommended Thursday that an ex-Raydon employee be allowed to lead a class action suit over a $60.5 million employee stock ownership plan transaction, rejecting arguments that certification should be denied because of the worker's "extreme personal animus."

  8. January 14, 2020

    Ex-Raydon Worker Pushes For Sanctions In ERISA Suit

    A former Raydon employee urged a Florida federal judge Tuesday to throw out testimony from two accountants in a proposed class action over a $60.5 million employee stock ownership plan transaction, saying the company failed to disclose the witnesses before using them to bolster its opposition to class certification.

  9. November 04, 2019

    Raydon Must Face ERISA Suit Over Plan's $60.5M Share Buy

    Raydon Corp. must face a former employee's suit claiming top executives sold company stock to its retirement plan for the inflated price of $60.5 million, a Florida federal judge ruled Monday, saying the allegations are imperfect but clear enough to proceed.

  10. August 15, 2019

    Raydon Says 'Personal Animus' Dooms Class In ESOP Suit

    Raydon Corp. fired back at a former employee's push to certify a class in her suit claiming top executives sold company stock to its retirement plan for the inflated price of $60.5 million, saying the ex-worker's "personal animus" would prevent her from effectively serving as a class representative.