August 18, 2026
A telecommunications business and employee stock ownership plan trustee Alerus Financial have agreed to settle a suit claiming workers were shortchanged in a $7.2 million sale of company shares, according to a California federal court filing.
September 10, 2025
A California federal judge trimmed but declined to throw out a suit against employee stock ownership plan trustee Alerus Financial by telecommunications company workers who say they got shorted in a $7.2 million share sale, allowing claims to move forward that Alerus should have challenged the deal.
March 26, 2025
A California federal judge cut employee stock ownership plan trustee Alerus Financial loose from a proposed class action brought by telecommunications company workers who claimed they got shortchanged when their shares were sold in a $7.2 million deal, saying they failed to connect Alerus to the sale.