March 26, 2026
Executives and former board members at a hand sanitizer company must face a lawsuit claiming they helped facilitate an employee stock ownership plan's $398 million purchase of overvalued company stock, with an Illinois federal judge ruling that workers adequately alleged the executives had neglected their responsibilities.
January 28, 2025
A former hand sanitizer company executive has agreed to pay $1 million to resolve claims from workers that he violated federal benefits law by helping organize a $398 million purchase of overvalued company stock by their employee stock ownership plan, according to filings in Illinois federal court.