April 01, 2025
An Illinois federal judge tossed a former printing company executive's suit claiming the business could have gotten a better price when selling its shares held in an employee stock ownership plan, or ESOP, for $265 million, ruling his case lacks evidence of self-interest or sabotage.
June 16, 2021
Participants in an Illinois printing company's employee stock ownership plan won class certification Wednesday for their claims that company executives violated federal benefits law by selling the company for less than it was worth.
October 07, 2020
The former trustee for an Illinois printing company's employee stock ownership plan urged a federal judge Tuesday to grant it judgment over accusations that it should have used a different valuation standard before the company was sold to an investment group for $265 million.
February 06, 2019
A former employee at Segerdahl Corp. has filed a proposed class action alleging that executives sold the company to an investment entity for well under the printer's market value in violation of the Employee Retirement Income Security Act.