September 15, 2022
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
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
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
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
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.