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Harris v. Paredes et al
Case Number:
3:23-cv-50231
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
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February 27, 2024
Food Co. Gets Inflated ESOP Deal Suit Kicked To Arbitration
An Illinois federal judge said a worker must arbitrate her suit claiming a food manufacturer sold inflated company shares to its employee stock ownership plan, finding the plan's arbitration agreement allows the business to sidestep an exception blocking some federal benefit law claims from out-of-court resolutions.
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August 31, 2023
Food Co., ESOP Manager Say Suit Belongs In Arbitration
Food company executives and the company's employee stock ownership plan caretakers told an Illinois federal court they should arbitrate a worker's suit claiming they overvalued shares of the company in a sale to the plan, arguing the employee can't skirt the plan's arbitration provision.