Homebuilder Workers Land Cert. In GreatBanc ESOP Suit
ADVERTISEMENT ADVERTISEMENT Homebuilder Workers Land Cert. In GreatBanc ESOP Suit Law360 (February 22, 2021, 9:13 PM EST) -- An Illinois federal judge granted class certification Sunday to 171 former McBride & Son Homes employees in their suit alleging GreatBanc Trust helped two executives drain assets from the homebuilder's employee stock ownership plan, saying he was unpersuaded by the company's argument that the class is unworkable. The homebuilder argued in October that the proposed class definition "sweeps in" participants who may not have held stock at the time of the challenged acts,...