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Violation Tracker Individual Record

Company: Adams and Associates, Inc.
Penalty: $3,000,000
Year: 2022
Date: March 14, 2022
Offense Group: employment-related offenses
Primary Offense: benefit plan administrator violation
Secondary Offense: pension ERISA violation
Violation Description: Adams and Associates agreed to pay $3 million to settle litigation alleging that participants in an employee stock ownership plan were harmed by an improper stock sale.
Level of Government: federal
Action Type: private litigation
Court: Northern District of California
Civil or Criminal Case: civil
Case ID: 3:18cv2723
Case Name: Foster et al v. Adams and Associates, Inc. et al
Private Lawsuit Resolution Type: settlement
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.