June 28, 2019
A former Raydon Corp. employee asked a Florida federal judge on Thursday to certify a class of the military contractor's retirement plan participants, saying they should be able to collectively pursue claims that top executives sold stock to the plan at an inflated price.
May 29, 2019
Raydon Corp. is angling to escape a former worker's proposed class action accusing two executives and related trusts of selling company stock to the employee retirement plan for the inflated price of $60.5 million, saying the latest version of her suit is littered with "conclusory" facts.
March 20, 2019
Raydon Corp. workers want a Florida federal judge to preserve a lawsuit accusing two executives of selling company stock to the employee retirement plan for the inflated price of $60.5 million, urging the judge Tuesday to torpedo a bid from the bank that oversaw the stock sale to toss the proposed class action.
December 06, 2018
Raydon Corp. and two of its executives were hit with a proposed Employee Retirement Income Security Act class action in Florida federal court Thursday, alleging that they wrongly let an employee stock ownership plan purchase all of the government contractor's stock for the inflated price of $60.5 million.