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DAVIS et al v. UNITED BANK CORPORATION RETIREMENT PLAN COMMITTEE et al
Case Number:
5:24-cv-00328
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
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November 10, 2025
$2M Deal In United Bank ESOP Suit Clears Hurdle
A Georgia federal court has handed initial approval to United Bank Corp.'s $2 million settlement agreement resolving a class action claiming it unlawfully ousted former workers from an employee stock ownership plan and cut them out of proceeds from a $23.3 million dividend.
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September 26, 2025
United Bank To Pay $2M Settling ESOP Class Action
United Bank Corp. has agreed to pay $2 million to settle claims it booted former employees out of its employee stock ownership plan and cut them out of the proceeds of a $23.3 million dividend, according to a filing in Georgia federal court.
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June 13, 2025
Ga. Bank Ends Ex-Workers' Suit Over Liquidation Of Shares
A Georgia-based bank agreed to settle a proposed class action claiming it unlawfully forced former workers out of its employee stock ownership plan, preventing them from receiving their share of a $23.3 million dividend on company stock, according to a filing Friday in federal court.