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Ferrell Companies, Inc, v. GreatBanc Trust Company et al
Case Number:
2:20-cv-02229
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July 21, 2021
Propane Co., ESOP Trustee Drop Hostile Takeover Suit
A propane supplier and an employee stock ownership plan trustee have resolved a lawsuit claiming the trustee violated federal benefits law by breaching its duty to look out for the workers' interests and trying to seize control of the company.
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May 05, 2020
GreatBanc Accused Of Violating ERISA In Hostile Takeover Bid
GreatBanc used its position as trustee of Ferrell Companies' employee stock ownership plan as a "conduit for predatory actors" to take advantage of the propane supplier's precarious financial position in order to seize control of the company, according to a new lawsuit.