Financial Services
Vi-Jon Employee Stock Ownership Plan Litigation
Laidig, et al. v. GreatBanc Trust Company, et al.
Case No. 1:22-cv-01296 (N.D. Ill.)
Case No. 1:22-cv-01296 (N.D. Ill.)
On March 10, 2022, we filed a lawsuit on behalf of participants in Vi-Jon Employee Stock Ownership Plan (the “Plan”). The lawsuit alleges that the Plan’s fiduciaries and Vi-Jon’s former owners (the Defendants in the case) violated the Employee Retirement Income Security Act (ERISA) by selling stock in the company for more than its fair market value, to the detriment of the Plan and its participants.
The lawsuit seeks to recover the Plan’s financial losses and other equitable relief. For a copy of the Complaint, click here.
Type of Case
ERISA Violations