March 31, 2026
Executives and board members at a mechanical engineering company defeated a class action claiming top brass were illegally compensated for helping refinance an employee stock ownership plan, with a Georgia federal judge ruling that workers hadn't shown that management concealed the shares they owned.
February 18, 2022
A class of current and former workers at a mechanical engineering company asked a Georgia federal court to grant them summary judgment on claims that managers illegally received compensation for helping refinance an employee stock plan, saying the managers' roles are undisputed.
March 03, 2021
A Georgia federal judge has certified a class of current and former workers at a mechanical engineering company who say its managers illicitly devalued staff-owned stock shares and bled off dividends.
July 30, 2020
Former longtime employees of a Georgia mechanical engineering company are seeking class certification of their lawsuit alleging that the firm's top brass secretly devalued staff-owned shares and siphoned off dividends.