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|Preliminary Approval in Trust Company Settlement of California Class Action|
Lewis, Feinberg, Lee, Renaker & Jackson P.C.
Feb. 24, 2010
Excerpt: On January 22, 2010, The United States District Court for the Northern District of California granted preliminary approval for a partial settlement of $15 million in a class action on behalf of participants in and beneficiaries of the Employee Stock Ownership Plan ('ESOP') of K-M Industries Holding Co., Inc.... . The case, Fernandez et al. v. K-M Industries Holding Co., Inc. et al., Case No. C 06-07339 (CW), is pending in U.S. district court in Oakland, CA.
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