Lawyers and Settlements
What are you looking for?
Home Page >> Potential Lawsuit >> Employee Stock Options

Employee Stock Options Lawsuit

 
Employee benefits are an important form of compensation offered by many employers. Some benefits plans are covered by the Employee Retirement Income Security Act of 1974 (ERISA). When employers violate ERISA laws, employees may be able to file a lawsuit to recover money lost from their employee savings plan, employee stock options plan or other benefits plans covered by ERISA.

En Español [FRAUDE DE ERISA]

FREE CASE EVALUATION

Send your Employee Stock Option claim to a Lawyer who will review your claim at NO COST or obligation.Get Legal Help Now

ERISA Laws

The Employee Retirement Income Security Act (ERISA) is a federal law that sets minimum standards for pension and health plans offered by private businesses to their employees. ERISA was designed to protect employees who participate in such plans.

employee stock lossesERISA covers health plans, retirement plans and employee stock options plans, in which employees are given the opportunity to purchase shares of a company's stock at a certain price, often lower than the actual or anticipated market price of the shares.

Under ERISA laws, the people responsible for overseeing employee benefits plans (often referred to as fiduciaries) must follow specific guidelines. These include acting in the best interests of the plan participants; providing participants with plan information, including information about plan features and funding; and providing a grievance and appeals process for participants. Breaches of fiduciary duty can result in a lawsuit being filed against plan fiduciaries.

Plan fiduciaries include plan trustees, plan administrators and people who sit on the plan's investment committee. Fiduciaries are required to act prudently, diversify investments and avoid conflicts of interest when managing a plan's assets.

ERISA Violations

Employee stock option litigation often involves a breach or misrepresentation of Stock Option Agreements; some scenarios include:
  • A group of employees' invested employee stock options are wrongfully canceled (i.e., their Stock Option Agreements are breached) when their subsidiary or division is sold by the parent corporation that granted them their options even though the employees continue to work for the same company and in the same jobs after the acquisition;


  • An employee is denied the rights granted to him by a Stock Option Agreement to accelerated vesting of unvested options following a change in control (merger or sale), despite the fact that his income and/or job duties are dramatically reduced after the merger or sale;



  • ERISA Violation
  • An employee or group of employees is terminated (or their division is sold) specifically to prevent the vesting of unvested employee stock options, which, at least in California, could be a breach of the covenant of good faith and fair dealing;


  • A company engages in fraud by lying to its employees about the number of options they will be given, their exercise prices, their vesting schedules and/or their entitlement or lack of entitlement to employee stock options; and


  • A fiduciary makes decisions about the plan based on what is best for the company but not what is best for plan participants. 


ERISA Lawsuit

ERISA Lawsuit Yellow FreightAn ERISA lawsuit was filed against YRC Worldwide Inc., also known as Yellow Freight, alleging employees lost value in their plans because of imprudent investments by plan administrators.

Employee stock option lawyers have experience handling all types of employee stock option cases, and exclusively represent employees and focus their practice on employee stock option disputes, employee stock option cases, employee stock option litigation, employee stock option class actions, deceptive trade practices, and breach of Stock Option Agreements in connection with employee stock options.

Employee Stock Options Legal Help

If you have suffered stock losses from the cancellation or devaluation of employee stock options, please click the link below to submit your complaint to a lawyer who will review your claim for free.

Last updated on Apr-15-14


EMPLOYEE STOCK OPTION LEGAL ARTICLES AND INTERVIEWS

DOL Forces Advisor to Pay for ERISA Violations
DOL Forces Advisor to Pay for ERISA Violations Johnston, IA: The US Department of Labor announced that its investigation into ERISA violations on the part of a financial advisor has resulted in the advisor restoring more than $300,000 to various ERISA plans. The investigation reportedly found that the advisor breached his duty to the ERISA benefits plans [READ MORE]

Are Many ERISA Plans Being Run Improperly?
Are Many ERISA Plans Being Run Improperly? Washington, DC: Employees may count themselves as fortunate if their employer offers ERISA plan benefits or other employee stock plan or retirement plan options. After all, not all employers do so, and having access to such plans can be a huge bonus for employees. The problem comes in when the plans are managed improperly. Employees faithfully pay into their various ERISA benefits plans, only to find out the plan has been mismanaged. Unfortunately, this situation is more common than people may think [READ MORE]

Excessive Fees ERISA Lawsuit Filed against Fidelity
Excessive Fees ERISA Lawsuit Filed against Fidelity Boston, MA: An excessive fees ERISA lawsuit has been filed against Fidelity, alleging Fidelity violated its duty under ERISA plan laws by failing to act in the interests of the plan or plan participants. According to the lawsuit, the actions of the ERISA plan fiduciaries cost plan participants around $15 million per year from 2008 to 2013 [READ MORE]


EMPLOYEE STOCK OPTION SETTLEMENTS

US Auto Meeting Notification Regarding $10 Million Class Action Settlement.

UnitedHealth Group Pays $895 Million in CalPers Class Action



YOUR EMPLOYEE STOCK OPTION STORIES

Publish your Employee Stock Option experience here for our readers to learn from.


Request Employee Stock Option Legal Help

First name:

Last name:

Email address:

Phone number(s):

State/Prov:

Zip Code:

Damages:

Check Claim Status Advertise with us Legal Funding


Related Lawsuits

Legal Services:

Facebook



 
FAQ | TOS | Privacy | Disclaimer | About Us | Contact Us | Press | Advertise | Member Login | Jobs | Site Map | View Mobile Website |


Better Business Bureau   CAALA   Best of the Web Approved   Public Justice


This work is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License © 2001-2014 Online Legal Media. All rights reserved.