$6M Class Settlement Proposed In ERISA Case Over Former ESOP Sponsored By Bank

(December 1, 2023, 1:13 PM EST) -- CHARLOTTESVILLE, Va. — Dozens of individuals would receive an estimated average net settlement amount of “a little over $30,000” under a $6 million class deal concerning the Virginia Community Bankshares Inc. Employee Stock Ownership Plan (ESOP) that a Virginia federal court has been asked to preliminarily approve....