80/20 Inc. $7 Million ESOP Class Action Settlement No Proof Required

80/20 Inc. $7 Million ESOP Class Action Settlement

This settlement is closed. The claim deadline has passed and new claims are no longer being accepted. This page is kept for reference — see settlements that are still open →

By the Class Action Buddy Editorial Team · Last reviewed May 12, 2026

See details
Max Payout
Jul 14, 2026
Filing Deadline
No
Proof Required?
80/20 Inc. has agreed to pay $7 million to settle a class action lawsuit involving their Employee Stock Ownership Plan (ESOP). The lawsuit alleged issues with how the company managed retirement benefits for employees who participated in the ESOP program. Employee Stock Ownership Plans are retirement benefit programs where workers receive company stock as part of their compensation. If you worked for 80/20 Inc. and participated in their ESOP program, you may be entitled to compensation from this settlement.
🎯

Looking for a settlement you can still file?

This one is closed, but our 60-second eligibility quiz finds the ones that are still open.

Check Eligibility →

Who Was Eligible?

Who the settlement covered:

  • Current or former 80/20 Inc. employees who participated in the company's ESOP program
  • Employees who had ESOP accounts during the relevant time period
  • Workers who may have been affected by alleged mismanagement of ESOP funds
  • Specific dates and additional eligibility requirements are pending confirmation

How Much Did It Pay?

The total settlement fund is $7 million, which will be distributed among eligible class members. The exact amount each person receives will depend on factors like how long they participated in the ESOP program and the size of their account. Payment amounts will vary based on individual circumstances and the total number of valid claims filed. Settlement administrators will calculate payments once all claims are processed.

How this claim was filed

This settlement is closed, so the steps below are kept for reference only — they no longer lead anywhere you can file.

  • Gather employment records and ESOP account information from 80/20 Inc.
  • Review the official settlement notice for specific claim requirements
  • Complete the required claim form with accurate employment and account details
  • Submit any requested documentation about your ESOP participation

Looking for something you can still claim?

This one has closed, but the open settlements list is kept current, and Class Action Buddy will tell you when a new one matches your profile.

Frequently Asked Questions

What is the deadline to file a claim for the 80/20 Inc. $7 Million ESOP Class Action Settlement?

The deadline to file a claim was Jul 14, 2026, and it has passed. Claims are no longer accepted for this settlement.

Did I need proof of purchase for the 80/20 Inc. $7 Million ESOP Class Action Settlement?

No proof of purchase was required — claims could be made on a sworn statement, without receipts, photos, or product packaging.

What is the 80/20 Inc ESOP settlement about?

This $7 million settlement resolves allegations about how 80/20 Inc. managed their Employee Stock Ownership Plan, which provided retirement benefits to employees through company stock ownership.

How much money can I get from the 80/20 ESOP settlement?

The settlement fund totals $7 million, but individual payments will vary based on your ESOP participation and account details. The exact amount depends on how many people file valid claims.

Do I need proof to file a claim in the 80/20 ESOP settlement?

You'll likely need employment records and ESOP account information to verify your participation in the plan. Check the official settlement notice for specific documentation requirements.

Primary source: official settlement administrator — 8020erisasettlement.com. The settlement details on this page were checked against the administrator’s official website.

Class Action Buddy is an independent directory and is not affiliated with, endorsed by, or sponsored by the settlement administrator or the court. This page is general information, not legal advice. See how we verify settlements.

This settlement has closed

The filing deadline for this one has passed, so no new claims are being accepted. Class Action Buddy tracks the settlements that are still open and tells you when a new one matches your profile.

See settlements that are open →