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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.

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