L.A. Times Employees Settle Lawsuit Over Stock Ownership Plan for $32 Million

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By: Jerry Hirsch | Los Angeles Times

A group of former and current Los Angeles Times employees settled a federal lawsuit against GreatBanc Trust, the trustee for Tribune Co.'s employee stock ownership plan, for $32 million.

The employees contended that the leveraged buyout that resulted in creation of the ownership plan violated federal pension law.































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