Aluminum Precision Products $2M ERISA Class Action Settlement
Who Is Eligible?
You may be eligible to file a claim if you:
- You were a current or former employee of Aluminum Precision Products, Inc.
- You participated in the Aluminum Precision Products Employee Stock Ownership Plan (ESOP) during the relevant period covered by the lawsuit
- Your retirement or benefit account was affected by the alleged mismanagement or improper valuation of ESOP assets
- You are a beneficiary or alternate payee of a qualifying ESOP participant
- Specific eligibility dates and covered plan years will be confirmed once full settlement details are released — check back for updates
How Much Can You Get?
The total settlement fund is $2 million, which will be distributed among eligible plan participants. Because ERISA/ESOP settlements are typically allocated based on factors like how much money you had in the plan and for how long, individual payouts will vary from person to person. Specific payout amounts per participant have not yet been publicly confirmed. Once the settlement administrator releases a distribution formula, Class Action Buddy will update this page with estimated individual award amounts. Keep an eye on this page or download the app to get notified.How to File Your Claim
Filing your claim is quick and easy:
- Confirm your eligibility: Check whether you were an Aluminum Precision Products ESOP participant during the covered period
- Gather any relevant documents you may have, such as ESOP account statements, employment records, or plan communications from Aluminum Precision Products
- Wait for the official claim form to be released by the settlement administrator — this page will be updated when it becomes available
- Complete and submit the claim form before the deadline (deadline details pending — check back for updates)
- Download the Class Action Buddy app to get reminders when the claim form goes live, track your submission, and discover other settlements you may qualify for
💡 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 AndroidFrequently Asked Questions
How do I file a claim for the Aluminum Precision Products $2M ERISA Class Action Settlement?
You have two options: (1) Use the free Class Action Buddy mobile app — set up your profile once and the app auto-fills the PDF claim form, captures your signature, and submits the claim by mail on your behalf. (2) File directly with the settlement administrator using the official claim form linked on this page.
What is the Aluminum Precision Products ERISA class action settlement about?
The lawsuit alleges that Aluminum Precision Products mismanaged its Employee Stock Ownership Plan (ESOP) in violation of ERISA, the federal law that governs employee benefit plans. The company has agreed to a $2 million settlement to resolve these claims, without admitting wrongdoing.
Who qualifies for the Aluminum Precision Products ESOP settlement?
Current and former Aluminum Precision Products employees who participated in the company's ESOP during the period covered by the lawsuit are likely eligible. Beneficiaries and alternate payees of qualifying participants may also qualify. Full eligibility details, including specific dates, are pending final settlement approval.
Do I need proof to file a claim in the Aluminum Precision Products settlement?
Proof requirements have not yet been officially confirmed. In ERISA/ESOP cases, the settlement administrator often verifies eligibility using company plan records directly, which may reduce the documentation you need to provide. We recommend holding onto any ESOP statements or employment records just in case. Check back for updates as details are finalized.
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