Employee Class Action against Bank Trustees regarding the EYP Employee Stock Ownership Plan

What is the class action claim?

Great Banc Trust Company, the Bank Trustee with legal fiduciary responsibility for establishing the EYP ESOP in 2016, allowed the ESOP (EYP employees) to purchase all the shares of EYP stock from the seller (Long Point Capital) for allegedly more than fair market value.  As a result, employee shareholders are allegedly only able to sell their shares at a subsequent loss or for far less than had the ESOP shares been purchased at fair market value.

Who can join this class action?

Any current or former EYP employee who earned & are vested in shares of the EYP ESOP.

Is there any cost to me?

No. All plaintiff attorneys are litigating this case on a contingency fee basis.

How can I help and/or participate?

  1. We are interested in reviewing documents you can download from the Great Banc Trust Company ESOP website:
    • Summary Plan Description (SPD)
    • Annual Letters stating ESOP shares value
    • Statements – Please feel free to blackout any personal data

    Please email these to mk@mk-llc.com or fax to 212-389-6112.

  2. Refer other affected Great Banc Trust Company employees by sharing this page and or posting on social media (FB, LinkedIn).
  3. Join the case as a plaintiff Class Representative.

Read about Class Representative Duties and Financial Awards.

Please feel free to email mk@mk-llc.com or call 212-389-6111 with any additional questions.

Join This Case

Submit Information

Case Documents

Complaint

Online Retainer Instructions

  1. Please carefully read and check box "Part I -– Class Representative Duties"
  2. Please complete "Part II - Client Contact & Employment Information."
  3. Make sure all the required fields are filled out and as many of the optional fields as possible.
  4. Please carefully read & sign the Retainer Agreement
  5. Click the "Click to Sign" button to submit your signed agreement.
  6. Check for an email from "Adobe Sign" and click the "Confirm my email address" link to verify your signature and complete the process.
  7. One of our Attorneys will contact & speak with you by phone to finalize your joining this case. Please note: You must have a phone conversation with one of our Attorneys to complete your retention as a client of MKLLC LAW.