Bailey Glasser ERISA Group files Class Action Lawsuit Against Wilmington Trust, N.A.

01.28.2017

Bailey Glasser’s ERISA group, representing participants in the ISCO Industries Inc. Employee Stock Ownership Plan (ESOP), recently filed a class action complaint in Delaware federal court alleging that plan trustee Wilmington Trust is liable for causing and engaging in ERISA-prohibited transactions when the plan purchased all of ISCO’s outstanding stock. The lawsuit, Swain, et al. v. Wilmington Trust, N.A., Case No. 1:17-cv-00071 (D. Del.), seeks the return of monies paid above the fair market value of the company when Wilmington Trust authorized the plan to buy the company in 2012, and other relief.

You May Also
Be Interested In
Bailey Glasser Receives Final Approval for $13 Million Settlement to End Bradford Hammacher ESOP Lawsuit
Bailey Glasser Announces $19.5 Million Settlement With Wilmington Trust To End ERISA Class Action
Judge Approves $5 Million Settlement in Wilmington Trust ESOP Lawsuit
Jump to Page

Our website uses cookies to enhance site navigation, analyze site usage, and assist in our marketing efforts. By continuing to browse this website, you are agreeing to our Cookie Policy.