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

See details

Max Payout

TBD

Filing Deadline

See Details

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.

Who Is Eligible?

You may be eligible to file a claim if you:

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 Can You Get?

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 to File Your Claim

Filing your claim is quick and easy:

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
Download the Class Action Buddy app to help guide you through the filing process and track your claim status

💡 Easier way: File with Class Action Buddy

Skip the paperwork. Our app auto-fills your claim form with your saved profile and submits it electronically in under 2 minutes.

Download for iPhone Download for Android

Frequently Asked Questions

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.

Ready to File Your Claim?

We're adding new settlements regularly. Download the app to get notified when this one is available.

Download Class Action Buddy →

Or file directly at the settlement website →