BSC Ventures Workers Get Nod for $8 Million Stock Plan Accord

Wilmington Trust NA and two former directors of envelope maker BSC Ventures Holdings Inc. secured initial approval for an $8 million class settlement with participants in BSC’s employee stock ownership plan.

The agreement is slated to provide average gross payments of about $15,000 to 534 people covered by the BSC stock plan between January 2016 and December 2024. It represents about 33% of the participants’ best possible recovery in the case, according to court filings.

• Judge Jennifer L. Hall granted preliminary approval to the deal and scheduled a Dec. 3 final approval hearing in an order docketed Monday in ...