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GLYNN et al v. MAINE OXY-ACETYLENE SUPPLY CO et al

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Case Number:

2:19-cv-00176

Court:

Nature of Suit:

Labor: E.R.I.S.A.

Multi Party Litigation:

Class Action

Judge:

Firms

September 15, 2022
Judge OKs $6.3M ERISA Deal With Welding Co., DOL, Workers

A Maine federal judge preliminarily approved a settlement worth more than $6.3 million, resolving claims against a welding company that a class of workers and the U.S. Department of Labor brought alleging employees were pressured into selling company stock below market value.
July 07, 2022
Workers, DOL Ink Deal With Welding Co. To End ERISA Suit

A class of workers and the U.S. Department of Labor have agreed with a welding equipment company to settle a suit alleging employees were pressured into selling company stock at a price far below its fair value, according to a filing in Maine federal court Thursday.
November 06, 2020
Welding Equipment Co. Workers Get ERISA Class Certified

A Maine federal judge gave a green light to a class action brought by welding equipment company workers who say they were pressured into selling company stock back to their employer for just $3.3 million when it was actually worth tens of millions of dollars more.
March 02, 2020
Ex-Workers Push For Class Cert. In $3.3M Stock Sale Suit

Former employees who say they were tricked and pressured into selling stock in a welding supply company for far less than it was worth are asking a Maine federal judge for class status, saying the allegedly unfair $3.3 million deal hurt over 100 workers.
April 26, 2019
Welding Equipment Co. Hit With ERISA Suit Over Stock Sale

A Maine-based welding equipment supplier has been hit with a proposed class action claiming employees were strong-armed into selling their stake in the company for about $3.3 million when it was actually worth tens of millions of dollars more.