On December 10th and 13th, 2021, two lawsuits were filed in the U.S. District Court for the Central District of California on behalf of participants in the Western Global Airlines Inc. Employee Stock Ownership Plan (the “Plan”). Nichols Kaster, PLLP was counsel in the second of those suits. The lawsuits alleged that the Plan’s fiduciaries and the company’s owners (the Defendants in the case) violated the Employee Retirement Income Security Act (ERISA) by selling company stock to the Plan for more than its fair market value, to the detriment of the Plan and its participants.
On February 28, 2022, the two cases were consolidated and re-filed in the U.S. District Court of Delaware. The lawsuit seeks to recover the Plan’s financial losses and other equitable relief. For a copy of the Complaint, click here.
This case is entitled Burnett, et al. v. Prudent Fiduciary Services LLC, et al., Case No. 1:22-cv-00270 (D. Del.)
We fight for the rights of both employees and consumers nationwide. We represent people from across the country in employee rights, wage and hour issues, financial services, and civil rights & social justice claims.Learn more
We are experienced in handling individual and multi-plaintiff cases and have the resources to take on companies, organizations, and government agencies of all sizes. We are currently handling many cases to advance employee, consumer, and civil rights.Learn more
We are proud of the work we do. With a team of experienced, passionate, and talented professionals, we relentlessly work every day on advancing and protecting the rights of the people in the workplace, the marketplace, and our government institutions.Learn More