ACCT Holdings $8.75 Million ESOP Class Action Settlement

ACCT Holdings $8.75 Million ESOP Class Action SettlementVested participants in the ACCT Holdings ESOP from Dec. 22, 2021, to Dec. 31, 2025, may qualify to receove a share of a class action settlement.ACCT Holdings $8.75 Million ESOP Class Action SettlementWeekly NewsletterClass actions settlements delivered to your inbox.Thank you! Check your inbox for a welcome email.Oops! Something went wrong while submitting the form.William C. GendronEditor in ChiefPublishedAugust 26, 2026 2:23 PMUpdatedAugust 26, 2026Join the DiscussionVested participants or beneficiaries in the ACCT Holdings Inc. Employee Stock Ownership Plan between Dec. 22, 2021, and Dec. 31, 2025, may be eligible to receive a share of a class action settlement.ACCT Holdings agreed to pay $8,750,000 to settle a class action lawsuit alleging breaches of fiduciary duty and prohibited transactions under the Employee Retirement Income Security Act related to the ESOP’s purchase of company stock. Who qualifies for the settlement?Class members are all vested participants and beneficiaries in the ACCT Holdings ESOP from Dec. 22, 2021, to Dec. 31, 2025. The settlement divides class members based on their account status:Current participants: Those who still have a vested positive balance in their plan account as of the distribution date.Former participants: Those who have withdrawn their plan balance before the distribution dateHow much is the settlement payout?The total settlement consists of three primary forms of relief:A $3 million settlement fund for cash payments that the settlement administrator will distribute to class members after deductions for court-approved expenses. Each qualified class member will receive a pro rata share of the net proceeds based on their vested shares.A $5.75 million reduction in the balance of loans certain defendants made to ACCT Holdings, which increases the value of ACCT stock class members with active plan accounts held.