June 30, 2026
A California federal judge stayed deadlines Tuesday in a federal benefits class action against a plumbing company and the caretakers of its defunct employee stock ownership plan that was set for trial in September, after the parties said they'd settled their dispute Monday following mediation.
March 19, 2025
Participants in a plumbing subcontractor's defunct employee stock ownership plan can proceed as a class in their lawsuit claiming the plan overpaid for company shares and later sold them at a deflated price, a California federal judge ruled, saying the workers leading the suit are adequate representatives.