The Court has approved the Settlement in this action. Distributions are expected by late February 2025. To learn more, please visit ADGESOPSettlement.com
Advanced Diagnostic Group (ADG) ESOP
We are representing participants in a putative class action in Colon, et al. v. Johnson, et al. (M.D. Fla. April 14, 2022). Our clients are former participants in the Advanced Diagnostic Group (ADG) ESOP retirement benefit plan. We allege that the defendants violated their fiduciary duties and allowed the ESOP’s value to be diverted to self-serving managers and directors and their shell companies and away from employee participants. As a result, employees received a fraction of the retirement benefits that they should have through the ADG ESOP. We are seeking to recover the full value of participants’ benefits.
Settlement Information
The Court has approved the settlement in this case. Class member distributions are expected by late February 2025. You may visit the settlement administrator’s website, ADGESOPSettlement.com, for more information.
Learn More
If you were a participant in this ESOP and wish to learn more about this case please email one of the lead attorneys on this case, Jennifer Lee or Carl Engstrom. You can also learn more about our ESOP practice.