Participants in Symbria Inc.‘s employee stock ownership plan who say they were wrongly forced to overpay for stock in their company received initial approval for a $5.9 million class settlement with Argent Trust Co.
The deal is slated to provide nearly 1,000 participants in Symbria’s stock plan with average gross payments of about $5,900, according to a settlement motion filed in December. Judge Sunil R. Harjani of the US District Court for the Northern District of Illinois granted preliminary approval to the agreement in a Wednesday docket entry.
- The 2021 lawsuit challenges Argent’s role in a transaction in ...
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