Foster et al v. Adams and Associates, Inc. et al

  1. September 27, 2021

    Gov't Contractor Directors To Pay $3M To Settle ERISA Claims

    A class of current and former employees of government contractor Adams and Associates struck a deal requiring two company directors to pay $3 million to end ERISA claims that the workers were shorted through an unfair stock sale, according to a memorandum in California federal court.

  2. July 06, 2020

    ERISA Suit Over Stock Deal Led By Felon Gets Pared Down

    A California federal judge on Monday narrowed an ERISA class action claiming a government contractor's workers were shorted through an unfair stock sale to an employee ownership plan, although she largely denied the bids for wins before a trial in the case.

  3. August 29, 2019

    ERISA Suit Over Stock Deal Led By Felon Nears Class Cert.

    A California magistrate judge said Thursday she will certify a class of employees who claim a government contractor that provides youth job training violated ERISA, shorting them through an unfair stock sale to an employee ownership plan led by a man who later admitted stealing from other plans.

  4. May 10, 2018

    Contractor Sued Over Employee Stock Deal Led By Now-Felon

    A government contractor that runs youth job-training centers was hit with a proposed class action in California federal court Wednesday accusing it of shorting employees through an unfair stock sale to an employee ownership plan that was implemented by a trustee who later pled guilty to stealing from other plans.

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!