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AHRENDSEN et al v. PRUDENT FIDUCIARY SERVICES, LLC et al

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Case Number:

2:21-cv-02157

Court:

Pennsylvania Eastern

Nature of Suit:

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

Multi Party Litigation:

Class Action

Judge:

HARVEY BARTLE, III

Firms

January 26, 2023
Travel Co. Workers Agree To $8.7M Deal To End ESOP Suit

Workers for a travel company asked a Pennsylvania federal judge to sign off on an $8.7 million deal to resolve their proposed class action claiming their employee stock ownership plan was overcharged when it shelled out $200 million to buy shares from three of their employer's founders.
November 04, 2022
Travel Co. Workers To Settle Stock Buyback Suit

A proposed class of World Travel Inc. employees said they will settle their case accusing the manager of the company's employee stock ownership plan of overpaying for a $200 million stock buyback and saddling the ESOP with tens of millions of dollars in debt.
February 02, 2022
2 World Travel Inc. Founders Let Out Of Stock Buyback Suit

Two of the three founders of World Travel Inc. escaped class action claims brought by the company's former employees who said their owners overpaid for a $200 million stock buyback from the company's founders and saddled the employee ownership plan with "tens of millions" of dollars in debt.
May 12, 2021
Buyback Padded Founders' Pockets, Travel Co. Workers Say

A proposed class of World Travel Inc. employees has accused Prudent Fiduciary Services and its owner of overpaying for a $200 million stock buyback from the company's founders by saddling the employee ownership plan with "tens of millions" of dollars in debt.