Proposed Class Settlement In ESOP Valuation Suit Estimated At $14.8M

(April 25, 2023, 12:19 PM EDT) -- CHICAGO — Plaintiffs in a suit over alleged overvaluation of an employee stock ownership plan (ESOP) moved in Illinois federal court for preliminary approval of a class settlement they estimate at $14.8 million in economic relief, which they describe as “at the high end of the range of settlements resolving ESOP claims like the ones asserted here.”...