Jan 26, 2023 at 2:56 PM
World Travel Inc. employees allege they were unfairly dealt with when the company became employee-owned through a stock plan, and the plan’s trustees and former president of the company filed an $8.7 million class settlement. negotiated with
The settlement, announced Wednesday in the United States District Court for the Eastern District of Pennsylvania, is expected to result in an average aggregate payout of about $12,000 to 728 people who had vested accounts in World Travel’s employee stock ownership plan. I’m here. This settles a claim against Prudent’s Fiduciary Services LLC, the founder of Prudent and former president of World Travel Stock, the trustee of his plans.
Lawsuit challenges $200 million…