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Bowers et al v. Russell et al

  1. August 20, 2025

    Argent To Shell Out $4.5M To Exit Workers' ESOP Suit

    Argent Trust Co. will pay $4.5 million to exit a class action alleging it approved a sale of undervalued shares in an electrical component company's employee stock ownership plan in a deal to shut the program down, according to a filing in Massachusetts federal court.

  2. August 06, 2025

    Wells Fargo Worker To Pay $3M To Settle ESOP Class Claims

    A Wells Fargo employee will pay $3 million to resolve claims against her in a class action alleging owners of an electrical component company and managers of its employee stock ownership plan undervalued the plan's shares when the program shut down, according to a filing in Massachusetts federal court.

  3. January 31, 2025

    Workers Score Class Cert. In Electric Parts Co. ESOP Suit

    A Massachusetts federal judge has certified a group of employees in their class action against the owners of an electrical components company and managers of its employee stock ownership plan that claims they undervalued the plan's shares when the program was shut down.

  4. February 15, 2024

    Electric Parts Co. Can't Escape Worker's ESOP Fight

    Owners of a Massachusetts electrical components company and managers of its employee stock ownership plan can't avoid a suit alleging they undervalued the plan's shares when the program shut down, after a Massachusetts federal judge found Thursday that plan participants' allegations were detailed enough to move forward.

  5. May 04, 2023

    No Injury To Workers In Mass. Co.'s Stock Sale, Judge Told

    Owners of a Massachusetts electrical components company and managers of its stock ownership plan told a federal judge they should be let out of a lawsuit filed by plan participants because the workers had no stake in unallocated shares they claim were undervalued when the company shut down the program.