WAWA, Pa. -- Wawa Inc. has agreed to pay $25 million to settle a class-action lawsuit filed in February 2016 in the U.S. District Court for the Eastern District of Pennsylvania that claimed the convenience-store retailer violated the Employee Retirement Income Security Act (ERISA) by allegedly barring workers who left the company from maintaining company stock and liquidating their stock at an unfair, low price, according to court documents.
Read MoreKorellis Roofing, one of the largest roofing contractors in Northwest Indiana, has gone from being a family affair to employee-owned.
Read MoreCINCINNATI--(BUSINESS WIRE)--The Board of Directors of The Procter & Gamble Company (NYSE:PG) declared a quarterly dividend of $0.6896 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after February 15, 2018 to Common Stock shareholders of record at the close of business on January 19, 2018, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the start of business on January 19, 2018.
Read MoreThe appellate court agreed with a lower court that plaintiffs did not meet pleading standards set forth in the Supreme Court ruling in Fifth Third v. Dudenhoeffer.
Read MoreU.S. Sen. Kirsten Gillibrand will visit Niagara Gear a division of Gear Motions, which has an employee stock ownership plan, on Monday to get feedback from workers as she pushes national legislation to support such plans around the country.
Read MoreINDIANAPOLIS, Jan. 3, 2018 /PRNewswire/ -- Performance Validation (PV), a nationwide leader in providing commissioning, qualification, validation, and quality services to the pharmaceutical, biotechnology, and medical device industries, is pleased to announce the company has established an Employee Stock Ownership Plan (ESOP), becoming a 100% employee owned company.
Read More100% ESOP owned G&T Industries, which is headquartered in Byron Center, Michigan has acquired substantially all the assets of Crane Interiors, Incorporated of Woodbury Tennessee. G&T is a multi-faceted manufacturing/distribution company which has been in business since 1954 serving the furniture, medical, packaging, military, and marine marketplaces. Crane Interiors has operated as a marine sewing/upholstery business for over 40 years, and under its current ownership structure since 1984. The business (Crane) moved from Nashville to the current location in Woodbury Tennessee in 1989.
Read MoreChuck & Don's, the pet-supplies store, is adding a 40th store in January, at 50th and France Avenue in Edina. Chuck & Don's is adding a small shop of 2,300 square feet, which includes a pet-grooming studio, its third. The store also will sell a limited selection of pet food and other products.
Read MoreMoore Engineering and its employee owners donated $10,600 to the Great Plains Food Bank as part of the company's month-long celebration of employee ownership. The donation will supply over 25,000 meals to a family of four.
Read MoreSummit, NJ: The principals of Pilot Hill Advisors through its broker/dealer Corporate Finance Associates are pleased to announce that World Travel, Inc., a travel management company, has recently completed a sale of stock to its newly-formed ESOP.
Read MoreWorld Travel Inc. established an employee stock ownership paln. A message sent Thursday to customers from chairman James Wells credited World Travel's employees for the company's growth into "one of the top travel management companies in the world without aquisitions."
Read MoreMINNEAPOLIS — Twin City Die Castings Co., a full-service aluminum and magnesium die casting provider that has been family-owned for nearly 100 years, announced Tuesday that it will become employee-owned.
Read MoreNew York State has passed the Promoting Employee-Owned Businesses Act (PEOBA) that creates an advisory panel to consider how the State should support employee ownership in the future. This bill is a significant step forward in the employee ownership movement, creating policy in New York that helps transition existing, healthy businesses to employee ownership. Our efforts to support employee ownership not only furthers the cause of workers' rights and economic democracy, but also helps retiring business owners, local communities and the state's bottom line. Democratize the Enterprise is very proud and excited to see this legislation move forward.
Read MoreLong-time foodservice company makes itself open to ownership by employees.
Read MoreINDIANAPOLIS, Nov. 21, 2017 /PRNewswire/ -- BSA LifeStructures, a nationally recognized architecture and engineering firm, announced today that the company is transferring beneficial ownership, becoming a 100% ESOP (Employee Stock Ownership Program).
Read MoreThe owners of Chuck & Don's, the growing Twin Cities pet-supplies chain, are gradually turning over control of the fast-growing pet-supplies retailer to employees.
Read MoreThe DOL alleged in all three cases that the firm approved transactions without undertaking the due diligence required of an ERISA fiduciary.
Read MoreTwo Portland-area businesses have joined the growing ranks of companies owned by their employees.
Read MoreWith over a quarter of a billion dollars in annual sales, Inland Seafood employees are empowered to reach even further.
Read MoreWisconsin-based company sold 100 percent of shares into Employee Stock Ownership Plan.
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