Flat Rock Metal $1.8M ERISA Settlement, ESOP Participants Get Automatic Payments After Stock Overpayment Lawsuit—Election Deadline March 17, 2026
Flat Rock Metal Inc. agreed to pay $1.8 million to settle a class action lawsuit alleging its employee stock ownership plan overpaid for company stock in a 2020 transaction that violated ERISA fiduciary duty laws. All participants or beneficiaries in the Flat Rock Metal and Bar Processing ESOP as of November 24, 2020, or later…
