Employee Class Action against Bank Trustee regarding McElroy Metal Mill, Inc. Employee Stock Ownership Plan

What is the class action claim?

The Bank Trustee that set up the McElroy Metal Mill, Inc. ESOP, allowed the ESOP (employees) to purchase all the shares of McElroy Metal Mill, Inc. stock in 2021 from the seller (original owners) for allegedly more than fair market value.  As a result, employee shareholders are allegedly unable to sell their shares or 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 McElroy Metal Mill, Inc. employee who earned & are vested in shares of McElroy Metal Mill, Inc. ESOP.

Is there any cost to me?

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

How can I help &/or participate?

     1. We are interested in reviewing documents you can download from McElroy Metal Mill, Inc. ESOP website: 

  • Summary Plan Description (SPD)
  • Annual Letters stating ESOP shares value
  • Statements – Please feel free to blackout any personal data

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

  1. Refer other current or former McElroy Metal Mill, Inc. employees by sharing this page and or posting on social media (X,FB, LinkedIn).
  2. Join the case as a plaintiff Class Representative.

Read about Class Representative Duties.

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

Join This Case

Submit Information

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.