Steel Firm Workers Get OK For $1.8M ESOP Deal, $600K Fee

By Melanie Dorsey ( May 1, 2026, 5:12 PM EDT) -- A Michigan federal judge has approved a $1.8 million class settlement resolving claims that trustees of a steel company employee stock ownership plan overpaid for company stock, finding the deal "fair, reasonable and adequate" and in the best interest of plan participants. ...

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