Wawa Workers Challenging Stock Sell-Off Want 1,000-Person Class

March 19, 2019, 6:35 PM UTC

Wawa Inc. workers want class status in their lawsuit accusing the company of forcing them to sell the company stock in their retirement plan at an unfair price.

Their March 18 motion seeks to certify a class of more than 1,000 people whose accounts in Wawa’s employee stock ownership plan were liquidated since September 2015. They propose two subclasses of employees who have since retired or terminated employment.

Wawa took the somewhat unusual step of agreeing to specific elements of class certification, including the existence of certain common issues and the adequacy of particular plaintiffs to represent the class. Massachusetts ...

Learn more about Bloomberg Law or Log In to keep reading:

See Breaking News in Context

Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.

Already a subscriber?

Log in to keep reading or access research tools and resources.