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ejg2553@gmail.com

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  1. Quick Question, Four Veterans who were working for the company, were members of the company ESOP, were called back to duty for one year during the Iraq conflict. They came back after their service and were reinstated to their jobs after 1 year. It was found out later, the company took back 20% of their ESOP stock while they serving in Iraq. Is this allowed?
  2. FYi, The DOL filed last week against ßthe company in federal court, over 25 ERISA violations, ie., fiduciary malfeasance, Trustee violations, bottom line they got caught stealing $40 million. These are sad and souless owners who took advantage of the working man.
  3. Update, We secured a law firm in May of 2019 to sue the company, there were 4 plaintiffs, in the lawsuit we asked the Federal Court to certify the lawsuit as a class action for the remaining 150 ESOP participants. We got word recently it is confirmed as a class action for ERISA violations. The DOL has processed their investigation also, over to the trial lawyers. It has been four years since the investigation started. We have had ESOP participants die during this process, some of their families are financially in tough shape because of how this company behaved. They abused the ESOP federal program and this is the result. Be advise inform yourself, ask questions, make sure these companies follow the law, or you end up like us, out $40 million dollars
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