Skip to main content

JAMS ADR Insights

Class Action & Mass Tort Construction Employment & Labor

GreatBanc, Homebuilder Strike $16.5M Deal To End ESOP Suit

JAMS is pleased to announce that Robert A. Meyer, Esq. mediated a $16.5 million settlement concerning an employee stock ownership plan to end a class action from 200 former members of an employee ownership program.

The settlement addresses employee claims on a series of ESOP reorganizational transactions and share valuations alleging violations of the Employee Retirement Income Security Act.

Full Article Below:

Open in new window

LAW360


Disclaimer:
This page is for general information purposes. JAMS makes no representations or warranties regarding its accuracy or completeness. Interested persons should conduct their own research regarding information on this website before deciding to use JAMS, including investigation and research of JAMS neutrals. See More

Scroll to top