The Court granted Final Approval on August 23, 2023.
Triad ESOP Settlement
Smith v. GreatBanc Tr. Co.
No. 1:20-cv-02350-FUV (N.D. Ill.)
More Information
Frequently Asked Questions
Learn How This Settlement Affects Your Rights and Get Answers to Your Questions About the Settlement
Welcome to the Triad ESOP Settlement Website.
If you were a participant in the Triad ESOP from December 17, 2015 through December 31, 2022 who vested under the terms of the Plan, a Class Action Settlement may affect your legal rights.
The parties to this class action lawsuit have reached a proposed Settlement which, if approved, would resolve a lawsuit concerning the Triad Manufacturing, Inc. (“Triad”) Employee Stock Ownership Plan (“ESOP”).
This website is provided as a service to eligible settlement participants. The information provided is in summary form and is not intended as a complete explanation of your rights. For full and complete information, you are directed to review carefully the Notice of Proposed Class Action Settlement.
Your Legal Rights and Options
| You May: | Effect of Choosing the Option |
|---|---|
| Do Nothing |
You can do nothing and still receive the benefits of the Settlement, if it is approved. If you have any Triad stock still in your ESOP account, you will automatically receive Settlement proceeds through an increase in value of the Triad stock in your account.
If you have sold some or all of your stock, you will receive Settlement proceeds through a payment mailed directly to you, if the Settlement is approved. |
| Object | If you are not satisfied with the terms of the proposed Settlement, then you or your attorney may inform the Court by sending a letter or written statement by August 1, 2023. You or your attorney may also attend the Fairness Hearing on August 22, 2023 to explain your concerns to the Court. The Fairness Hearing will occur on August 22, 2023 at 9:30 a.m. at the Everett McKinley Dirksen U.S. Courthouse, 219 Dearborn Street, Courtroom 1941, Chicago, IL 60604. |