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Lighting Co., ESOP Manager Can't Toss Workers' ERISA Fight

By Kellie Mejdrich (October 1, 2024, 7:17 PM EDT) -- A California federal judge refused to toss an ex-worker's federal benefits lawsuit alleging a lighting company's employee stock ownership plan was mismanaged in a $25 million sale of company stock, finding allegations could proceed to discovery that individuals behind the deal breached their fiduciary duty to the ESOP....

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