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ACCT Holdings ESOP ERISA Settlement

Settlement Amount
$8,750,000 ($3M cash + $5.75M seller-note debt reduction)
Claim Status
Automatic Distribution — No Claim Required; objection deadline October 29, 2026 (non-opt-out class)
Total Fund
$8,750,000
Visit official settlement site → acctesopsettlement.com

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✅ Automatic Distribution — No Claim Required. Payment is calculated from Plan records. October 29, 2026 is the objection deadline only — there is no claim form and no opt-out.

ACCT Holdings ESOP ERISA Settlement is an $8,750,000 package ($3M cash + $5.75M seller-note debt reduction). Vested ACCT Holdings ESOP participants (and beneficiaries) from the December 22, 2021 transaction through December 31, 2025 are paid automatically — no claim form and no opt-out. October 29, 2026 is the objection deadline only. Official site: ACCTESOPSettlement.com.

Do I Qualify?

You may be eligible if:

No claim form needed. Payment is calculated automatically from Plan records. This is a non-opt-out class — October 29, 2026 is the objection deadline only.

Automatic Distribution — No Claim Required

Payment is calculated automatically from Plan records — there is no claim form and no opt-out. October 29, 2026 is the objection deadline only. Official settlement information: ACCTESOPSettlement.com.

What Happened?

Plaintiffs alleged ERISA claims related to the ACCT Holdings ESOP transaction. Defendants deny wrongdoing and agreed to settle.

The settlement provides $3M cash plus a $5.75M seller-note debt reduction intended to raise ACCT stock value for current Plan-account holders. Former participants who already cashed out receive cash (checks under $10 are not distributed).

There is no claim form and no opt-out. October 29, 2026 is the objection deadline. A fairness hearing is set for November 19, 2026.

Do I Need to File a Claim?

  1. NO ACTION NEEDED — no claim form; payment is calculated from Plan records
  2. Current participants: share deposited into Plan account automatically
  3. Former participants who cashed out: mailed check (or rollover election by June 1, 2027)
  4. Non-opt-out class — objecting by October 29, 2026 is the only available action if you disagree
  5. Official settlement site: https://www.ACCTESOPSettlement.com/

How Much Will I Actually Get?

Entitlement-percentage-based share of net proceeds from the $3M cash portion, plus (for current Plan-account holders) a value increase from the $5.75M debt reduction. Payments under $10 to former participants aren't distributed.

Last reviewed: August 28, 2026 | Information verified from court records and official settlement documents.

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Frequently Asked Questions

Do I need to file a claim?
No — there's no claim form. Payment is calculated automatically from Plan records.
Can I opt out?
No — this was certified as a non-opt-out class. Objecting by the deadline is the only available action if you disagree with the settlement.
What's the $5.75M debt reduction about?
It reduces company debt tied to the ESOP transaction, which is intended to raise the value of ACCT stock in current participants' accounts. It doesn't help former participants who already cashed out — they get an additional cash payment instead.
When would I see payment?
Not before the November 19, 2026 fairness hearing, and the cash portion pays out in installments over roughly 9 months after final approval.

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