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SCHULTZ et al v. AEROTECH, INC. et al

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Case Number:

2:24-cv-00618

Court:

Pennsylvania Western

Nature of Suit:

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

Multi Party Litigation:

Class Action

Judge:

W. Scott Hardy

Firms

  1. March 12, 2026

    Aerotech Workers Get Class Nod In Suit Over ESOP Strategy

    A Pennsylvania federal judge handed class certification to a group of 500 workers in their suit claiming Aerotech Inc. failed to more aggressively invest cash held in its employee stock ownership plan, ruling the case clears the requirements needed to secure class status.

  2. November 12, 2025

    Ex-Aerotech Workers Push For Class Cert. In ESOP Suit

    Former Aerotech Inc. employees who have accused the motion control solutions company of mismanaging its employee stock ownership plan urged a Pennsylvania federal court Wednesday to certify a class of plan beneficiaries and participants, saying they easily satisfied requirements for class certification.

  3. February 21, 2025

    Aerotech Can't Escape Workers' ESOP Investment Suit

    A Pennsylvania federal judge refused to toss a proposed class action from participants in a motion control technology company's employee stock ownership plan who alleged mismanagement, finding allegations that the company's low-risk investment strategy violated federal benefits law could proceed to discovery.