March 12, 2026
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.
November 12, 2025
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.
February 21, 2025
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.