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Class Action Employee Stock Ownership Program

By October 15, 2015February 9th, 2018Class Action, Consumer protection
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Carey Danis & Lowe Investigating Underpayment for Stock in Employee Stock Ownership Programs

Carey Danis & Lowe is currently conducting an investigation into the administration of certain Employee Stock Ownership Plans, or ESOPs in the State of Illinois and around the country. ESOPs are programs where employees of a company are provided company stock in connection with their employment, usually as a company-provided benefit or as a component of an employee’s compensation package.

Upon leaving the company, employees who participate in an ESOP plan are generally provided with the opportunity, or even required, to cash out whatever company stock they may have. We have been made aware of circumstances where an employee cashing out his or her ESOP stock may have been uncompensated, and are investigating whether those former employees are entitled to compensation.

If you are a former employee of a company with an ESOP and you would like to speak with an attorney to see if you may have a claim for damages, please contact James J. Rosemergy at Carey Danis & Lowe for a free, confidential case evaluation.