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Walther et al v. Wood et al
Case Number:
1:23-cv-00294
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
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Firms
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March 10, 2026
Aluminum Co. Execs To Pay $7M To End ESOP Lawsuit
Executives at an Indiana aluminum manufacturer and an employee stock ownership plan trustee will pay $7 million to end a proposed class action alleging they reneged on an agreement to sell the company to the ESOP when the founder died, according to a federal court filing.
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December 19, 2025
Aluminum Biz's ESOP Managers Settle Workers' ERISA Fight
The son of an Indiana-based aluminum manufacturing company's founder and his attorney have decided to settle a dispute from workers alleging the individuals mismanaged their employee stock ownership plan, parties told a federal court Friday.