December 22, 2021
Some companies, like West Monroe Partners, Inc., offers an Employee Stock Ownership Plan (ESOP) as a retirement plan. When employees leave the company, it buys back its stock from them, allowing them to cash out. This class action brings suit against West Monroe, its Board of Directors, its Benefits Committee, and the plan’s trustee, Argent Trust Company, for violating their fiduciary duties to the plan’s participants, engaging in prohibited transactions, and severely undervaluing the company’s shares when it cashed employees out.
Case Event File: West Monroe Employee Stock Plan Undervalued Shares ERISA ComplaintRelated to: West Monroe Employee Stock Plan Undervalued Shares ERISA Class Action
