September 30, 2022
Retirement plans, like the North Highland Company Employee Stock Ownership and 401(k) Plan, rely on fiduciaries to take action to benefit them. But this class action alleges this plan’s fiduciaries undermined the plan in a number of ways, including using prohibited transactions, exceeding caps on executive pay, taking back corporate control, and improperly seizing the benefits of tax subsidies, violating the Employee Retirement Income Security Act (ERISA).
Case Event File: North Highland ESOP Retirement Plan Breach of Fiduciary Duty ComplaintRelated to: North Highland ESOP Retirement Plan Breach of Fiduciary Duty Class Action