July 11, 2023
A California federal judge gave an initial nod to a $100,000 deal that would resolve the final disputes in a sprawling benefits class action brought by workers for a health care company who alleged mismanagement of a $227 million purchase by the company's employee stock ownership plan.
January 03, 2023
Class counsel representing health care workers whose employee benefit stock plans were allegedly overcharged in violation of federal benefits laws are asking a California federal court to award them nearly $3.4 million in attorney fees and expenses for an October settlement.
October 11, 2022
A trustee that allegedly allowed an employee stock ownership plan to get overcharged by roughly $200 million in a deal for shares of a health care company agreed to pay $4 million to escape a class action accusing it of violating federal benefits law.
August 16, 2022
A California federal judge handed an investment management firm a win in a benefits suit originally involving KPC Healthcare Holdings Inc. that accused the companies of botching a $227 million purchase by KPC's employee stock ownership plan, ruling the workers couldn't prove the asset manager knew the conduct was unlawful.
July 26, 2022
KPC Healthcare Holdings Inc. employees have asked a California federal court to greenlight a $5 million deal that would let the health care company exit the workers' suit over claims it botched a $227 million purchase by KPC's employee stock ownership plan.
November 01, 2021
A California federal judge said Monday that KPC Healthcare Holdings Inc. and Alerus Financial NA must face claims brought against them in a suit alleging the health care company and asset manager botched a $227 million purchase by KPC's employee stock ownership plan.
July 01, 2021
KPC Healthcare Holdings Inc. and Alerus Financial NA have urged a California federal judge to reject a former KPC employee's request for class certification in a suit alleging the health care company and asset manager botched a $227 million purchase by KPC's employee stock ownership plan.
June 02, 2020
A former KPC Healthcare worker has hit the company with a proposed ERISA class action in California federal court, claiming that the company's founder sold all of its stock to an employee retirement plan at a vastly inflated price of more than $227.1 million.