Wawa Faces 1,000-Person Class Action Over Forced Stock Sell-Off

Wawa Inc. is now facing a certified class action by more than 1,000 former employees who say they were forced to sell their Wawa stock at an unfair price.

Judge Paul S. Diamond of the U.S. District Court for the Eastern District of Pennsylvania granted class status July 2, after Wawa agreed that portions of the case were appropriate for class treatment.

Diamond also granted class status on the employees’ claim of fiduciary breach based on misrepresentation, which accused Wawa of wrongly telling them they could continue to hold company stock until age 68. In so ruling, Diamond addressed a ...