Pennsylvania Federal Judge Approves $25M Settlement In Wawa Inc. ESOP Suit
(September 13, 2018, 5:29 PM EDT) -- PHILADELPHIA — A Pennsylvania federal judge on Aug. 31 granted final approval of a $25 million settlement payment to an employee stock ownership plan (ESOP), allocated on a pro rata basis among more than 1,200 class members, in a suit alleging that an amendment to the ESOP was a breach of fiduciary duty under the Employee Retirement Income Security Act (Greg Pfeifer, et al. v. Wawa Inc., et al., No. 16-497, E.D. Pa.).
(Order available. Document #54-181010-007R.)
Greg Pfeifer and Andrew Dorley filed a class action...